Page 11 - Codelco News Today

Copper mining has always been a highly competitive industry, and the geopolitical imperatives surrounding its production are thickening.

SANTIAGO: For a global lithium industry still reeling from gluts along the battery supply chain, the greater long-term risk is producing too little of the metal rather than too much, according to the world’s No. 2 producer, Chile.

Golds rally is driven by Fed cuts, hedge fund bets, central banks gold accumulation, geopolitical tensions, and silvers potential surge. Copper prices are set to rise, indicating a bullish outlook for precious metals.

SANTIAGO -Chilean copper giant Codelco reported gross profit of $3.12 billion for 2023, the state-owned producer said in a filing on Thursday, a 34% dip from a year earlier after the state firm faced...

The oil markets are increasingly putting their trust into OPEC+ production cuts to remain in place throughout this year, a feat which combined with an improving macroeconomic outlook could bring $90 per barrel sooner than assumed

The Chilean governments new plan to usher in private investment at a number of the countrys lithium salt flats may stumble over unresolved details that will raise concerns for investors, mining...

According to the United States Geological Survey (USGS), global copper reserves were 1 billion tons in 2023. Countries rich in copper resources mainly include Chile (190 million tons), Australia (100 million tons), Peru (120 million tons), and Russia (80 million tons), Mexico (53 million tons) and the United States (50 million tons), etc. In terms of output, global copper output from ore in 2023 was 22 million tons. The main copper-producing countries were Chile (5 million tons), Peru (2.6 milli...

Read more about how Chile's government has laid out its plans to significantly boost the country's lithium production.

(Bloomberg) -- For a global lithium industry still reeling from gluts along the battery supply chain, the greater long-term risk is producing too little of the metal rather than too much, according to the world’s No. 2 producer, Chile. Most Read from BloombergBankman-Fried Is Sentenced to 25 Years in Prison Over FTX CollapseTesla’s $25,000 Car Means Tossing Out the 100-Year-Old Assembly LineUBS Banker’s Frustration Exposes Cracks in World of Climate FinanceDubai Is Losing It...

Chiles government on Tuesday opened up more than two dozen lithium salt flats to private investment, while reserving the prolific Atacama and Maricunga deposits for state majority control in...