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The correct answer is option 1, which states that only statement 1 is correct.
Statement 1: Chile is the largest producer of copper in the world.
This statement is correct. Chile has the largest copper reserves in the world and is the leading global producer of copper. Copper mining is a significant part of Chile`s economy, and it holds a substantial share of the global copper market.
Statement 2: Kuwait is the largest producer of mineral oil in the world.
This statement is incorrect. While Kuwait is a significant oil producer, it is not the largest producer of mineral oil in the world. Saudi Arabia is the largest producer of mineral oil, with the world`s largest proven oil reserves. Kuwait is one of the top ten oil-producing countries globally, but it ranks behind Saudi Arabia in terms of oil production.
In summary, statement 1 is correct, but statement 2 is incorrect.