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Copper output from Chile's Codelco down nearly 5% in January-September
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Copper output from Chile's Codelco down nearly 5% in January-September
Nov 3, 2024 3:09 PM

SANTIAGO, Oct 30 (Reuters) - Chile's state-owned mining

company Codelco reported 918,000 metric tons of its own copper

output from January through September, down 4.9% compared to the

same nine-month period last year, a filing to the country's

financial regulator showed on Wednesday.

The world's top copper miner announced that

January-September production of the red metal generated $612

million in pre-tax profits, according to the filing.

Codelco, which turns over all its profits to government

coffers, added that it sees copper 2024 production of between

1.325 million and 1.352 million tons.

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