Continental arc magmas supply the ore-forming element budget of most globally important porphyry-type ore deposits. However, the processes enabling certain arc segments to preferentially generate giant porphyry deposits remain highly debated. Here we evaluate the large-scale covariation of key ore-forming constituents in this setting by studying silicate melt inclusions in volcanic rocks from a fertile-to-barren segment of the Andean Southern Volcanic Zone (33–40 °S). We show that the north-to-south, fertile-to-barren gradient is characterized by a northward increase in S and Cl concentrations and a simultaneous decrease in Cu. Consequently, we suggest that the concentration of S and Cl rather than the concentration of ore metals regulates magmatic-hydrothermal ore fertility, and that the loss of volatiles prior to arrival in the upper crust impacts ore-forming potential more than magmatic sulfide saturation-related ore metal scavenging.