Chile July copper output up 6.3 pct yr/yr

* Copper output 454,178 tonnes in July vs year ago

* Moly production up 28.3 pct to 3,309 tonnes
(Adds molybdenum output in fourth paragraph)

SANTIAGO, Aug 30 (BestGrowthStock) – Chile, the world’s No. 1 copper producer,
said on Monday its output of the red metal (CLCOPP=ECI: ) rose 6.3 percent to
454,178 tonnes in July from the same month a year earlier.

In June, Chile’s copper output dropped 0.6 percent to 465,033 tonnes
from the same month in 2009, according to data released last month by the
the National Statistics Institute.

Big and medium-sized companies increased their output in July, mostly
that of concentrate copper, which is used in everything from power lines to
water pipes.

Molybdenum output in July rose 28.3 percent to 3,309 tonnes while
production climbed 3.5 percent to 20,109 tonnes in the January to July
period versus last year.

Chile’s copper industry, the backbone of the South American country’s
economy, emerged unscathed from a Feb. 27 earthquake that killed hundreds
of people and battered the wood pulp, fishing, fruit and wine industries.
(Reporting by Fabian Cambero; Editing by John Picinich)

Chile July copper output up 6.3 pct yr/yr