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Chile's president says Codelco output to grow; touts investment climate

Chilean President Gabriel Boric told a major copper industry conference on Wednesday he expects production at state-run miner Codelco to grow slowly this year and reach 1.7 million metric tons by 2030, and that he sees copper prices rising. "The Codelco production will rebound," he said, offering a vote of confidence for the country's top copper producer whose output last year hit a quarter-century low, at 1.325 million metric tons. At a time when global companies have raised c...
Quebrada Blanca Region De Tarapaca Alexander Villegas Jonathan Price Sonali Paul Ernest Scheyder
Source: yahoo.com

BHP's growing love for copper in South Australia

BHP (ASX:BHP) increasingly loves copper, especially in South Australia, where it took a $9.6 billion punt in 2022-23 by purchasing OZ Minerals, a move that is now paying off in spades. Copper is pouring out of the companyโ€™s three mines in South Australia, led by Olympic Dam, arriving just in time to catch the recent rebound in prices to a 16-month high earlier this month of $US4.4385 a pound on Thursday. These are the highest copper prices since May 2022, in the wake of the Russian invasion of...
United States Olympic Dam South Australia Oz Minerals West Mugrave South Australian

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