Maximo Pachecho News Today

Chiles government is expected to receive 85% of associated benefits including taxes and lease payments from a planned partnership between state-run copper miner Codelco and lithium company SQM... -April 23, 2024 at 09:07 pm EDT - MarketScreener

Australian shares are set to open down. Materials pacing losses among most of the S&P 500 industry sectors. Communication services rises. $A slips.

Meanwhile, the copper giant is still struggling with operational issues and a drop in grade ores, that led to its lowest production in nearly a quarter century in 2022. Codelco has also been tasked with leading that government's effort to take control of the lithium industry. Additionally, the company's CEO Andre Sougarret announced that he was resigning from the company in June, citing "complexities" in running it. Codelco expects production to start recovering next year, th...

SANTIAGO (Reuters) - Chilean state miner Codelco, the world's largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a government plan to increase state control over the industry. | 02:14pm

Chilean state miner Codelco, the world's largest copper producer, said on Friday it had created two subsidiaries to run a newly mandated lithium business amid a government plan to increase state control over the industry.