Codelco boosts output to tap copper price jump
Codelco boosts output to tap copper price jump ( Codelco, the world’s biggest copper producer, saw sales more than double in the first quarter as production rose and prices of the metal surged. The state-owned producer churned out 386,000 metric tons from its own mines in Chile, up 7% from a year ago, thanks in part to an improvement in ore quality after a multi-billion-dollar overhaul of aging deposits. Nevertheless, a surge in Covid-19 cases in Chile has slowed project development. Sign Up for the Copper Digest Sign Up Sales jumped to $4.65 billion, and the company’s contribution to st...
Source: mining.com