Page 146 - Codelco News Today

The company believes price of the red metal is likely to hover at $3 or more per pound.

Codelco chairman Juan Benavides said he expects demand for copper to continue to rise through the next 3-4 years, and said price of the red metal was likely to hover at $3 or more per pound.

Chile's Codelco, the world's top copper producer, sees demand for copper continuing to rise through the next three to four years, and believes the price of the red metal is likely to hover at $3 or more per pound, board chairman Juan Benavides said on Friday.

Chile's state-owned Codelco, the world's largest copper producer, views recent spike in the price of the red metal as a "good opportunity" to generate cash for investments and hold down debt, but warned it could also drive up the miner's costs, a senior executive told Reuters...

Chinese advances in Chile Click to read this article in English Image Credit: Feng Yongbin/China Daily  For more than twenty years, successive Chilean governments, on both the right and the left, have sought to integrate their country, with its back to the Andes mountains, into the Pacific rim’s flourishing economy. Chile has already tied itself to Asia and other parts of the world through Latin America’s most extensive web of free trade agreements, including the first and, arguably, the m...

Chile’s constitutional rewrite will make room for several more decades of steady rules, ensuring social peace and investor interest in what has historically been one of Latin America’s most stable economies, according to the nation’s finance minister.

Image: Codelco Chile’s state-owned Codelco, the world’s largest copper producer, said on Wednesday it would permanently incorporate teleworking into its shift schedule after months of experimenting with the model during the coronavirus pandemic. The sprawling mining company, which last year slashed personnel at work sites due to sanitary restrictions in hard-hit Chile, said that it had sent some 2,700 employees home to work remotely. Sign Up for the Copper Digest Sign Up “From 2021 it ...

Chile copper production down 0.7% year on year in January Chile produced 457,100 tonnes of copper in January, down by 0.7% from 460,100 tonnes in the same month in 2020, the Chilean copper commission, Cochilco, said on Tuesday March 2. A decline in output at the BHP-majority-owned Escondida copper mine - the world’s largest – is likely to be the main reason for the small decline, with production there falling 11.6% to 84,700 tonnes in the first month of 2021, down ...

Chile produced 457,100 tonnes of copper in January, down by 0.7% from 460,100 tonnes in the same month in 2020, Chilean copper commission Cochilco said on Tuesday March 2.

(Updates prices) LONDON, Feb 26 (Reuters) - Copper retreated on Friday after touching successive multi-year peaks, falling more than 3% as risk-off sentiment hit wider financial markets after a spike in bond yields. Three-month copper on the London Metal Exchange (LME) had slumped 3.8% to $9,056 a tonne by 1715 GMT, having hit multi-year peaks in six consecutive sessions. On Thursday, LME copper hit its highest since August 2011 at $9,617 a tonne, 5.6% short if its record high of $10,190 in Feb...