Chile’s Power Grid Restores Functionality Following Major Outage
Chile’s power grid has started to recover after a severe outage caused by a transmission line failure, affecting both residential areas and major copper mines. 90% of power has been restored, although some outages persist. Authorities have lifted the state of emergency, and copper production is resuming as major mines come back online.
On Wednesday morning, Chile’s power grid and significant copper mines gradually resumed operations following a major outage that had affected the country, which is the leading global producer of copper. The outage, triggered by the failure of a transmission line in northern Chile on Tuesday afternoon, resulted in widespread darkness across most of the nation, impacting key mining operations and global metal markets as a consequence.
The power outage in Chile was a significant event affecting residential areas and major copper mining operations. While the majority of the power has been restored, some locations reported intermittent outages. Authorities and power companies are addressing the issues, and the response from major miners indicates a focus on quickly resuming operations to mitigate production losses.
Original Source: www.tradingview.com
