# Global copper crisis: Chile's production drop hikes tech and EV costs

> Chile's 15-year copper production low sparks tech and EV cost hikes.
- Title: Global copper crisis: Chile's production drop hikes tech and…
- Summary: Chile's 15-year copper production low sparks tech and EV cost hikes. Chile's copper output fell to its lowest level in 15 years, driving up tech and EV costs…
- Keywords: chile, copper, production, tech, costs, global, supply, demand, news, world, crisis, Chile's
- Source: Malay Mail — https://malaymail.com/news/world/2026/10/22/global-copper-crisis-why-chiles-15-year-production-low-is-driving-up-tech-and-ev-costs/240181
- Published: 2026-10-22T21:00:00+00:00
- Read time: 1 min
- Topics: chile, copper, production, tech, ev, costs, global, supply, demand, news, world
## Copper demand surges
Global demand for copper remains strong for green energy and AI technologies.
## Chile's production drop
Chile's copper output fell to its lowest level in 15 years in August.
## Aging mines cause decline
Chile's mines are aging, requiring more ore processing to get same copper output.
## Mining challenges
Heavy rains linked to El Nino caused mine shutdowns in July and August.
## Market impact
Copper prices hit record $14,875 per ton in September.
## Economic consequences
Chile's market share dropped from 34% in 2010 to 23% today.
## GDP impact
Chile's economy lost at least one percentage point of gdp this year.
## Recovery plans
Chile must expand mines, modernize infrastructure, and develop new deposits.
## Key takeaway

Chile's copper output fell to its lowest level in 15 years, driving up tech and EV costs globally.