financetom
Business
financetom
/
Business
/
Exclusive-Copper output at Chile's Codelco rose to 1.328 million tons in 2024, document shows
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Exclusive-Copper output at Chile's Codelco rose to 1.328 million tons in 2024, document shows
Jan 8, 2025 1:12 PM

SANTIAGO (Reuters) - Copper production from Chile's Codelco, the world's largest producer of the red metal, reached 1.328 million metric tons last year, according to an internal document seen by Reuters on Wednesday.

The closely watched final number had not previously been reported but Chairman Maximo Pacheco said earlier this week that 2024 output was "slightly higher" than the 1.325 million tons produced in 2023.

Faced with declining ore grades, accidents and mistakes at major construction projects, Codelco has been struggling to boost production from 25-year lows and revved up production at the end of the year to hit its 2024 target.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Unity Q2 Beat Points to Ads Inflection, Morgan Stanley Says
Unity Q2 Beat Points to Ads Inflection, Morgan Stanley Says
Aug 7, 2025
11:44 AM EDT, 08/07/2025 (MT Newswires) -- Unity Software's ( U ) better-than-expected Q2 earnings were driven by a 15% sequential growth in Unity Ads, Morgan Stanley said in a Thursday note. U posted a 2Q beat and 15% q/q growth in Unity Ads made it clear that the ad inflection has begun, the report said. We come away significantly...
Palisade Bio Shares Rise After Reporting 'Positive' Topline Results From Ulcerative Colitis Study
Palisade Bio Shares Rise After Reporting 'Positive' Topline Results From Ulcerative Colitis Study
Aug 7, 2025
11:40 AM EDT, 08/07/2025 (MT Newswires) -- Palisade Bio ( PALI ) shares were up 3% in recent Thursday trading after the company disclosed positive topline results from its phase 1b clinical study evaluating PALI-2108 in patients with ulcerative colitis. The company said it recorded a 100% clinical response rate amongst its cohort of five patients with moderate-to-severe ulcerative colitis,...
Caterpillar Risk/Reward Turns Negative Amid Weakening Fundamentals, Morgan Stanley Says
Caterpillar Risk/Reward Turns Negative Amid Weakening Fundamentals, Morgan Stanley Says
Aug 7, 2025
11:43 AM EDT, 08/07/2025 (MT Newswires) -- Caterpillar ( CAT ) shares are priced for perfection after a 50% rally since April despite deteriorating margins, falling prices, increasingly unfavorable risk/reward and weakening construction demand, Morgan Stanley said Thursday in a report. While the Q2 earnings report showed sequential improvement in orders and backlog growth, the analysts warned that underlying KPIs...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved