Chile's Copper Production Surges, Companies Make Strategic Moves

Chile's Copper Production Surges, Companies Make Strategic Moves

Alejandro Ramirez
1 min read

Chile's Copper Production Sees Growth

Chile's copper production surged by 8% in May, marking the highest output this year and indicating a recovery from recent lows. The increase is expected to have a significant impact on the country's economy and global copper supply.

Key Takeaways

  • Chile's copper production up 8% in May, the highest this year.
  • Annual output expected to rise 5% due to mine expansions.
  • Codelco's output to increase year-on-year from the second half of 2024.
  • Vedanta poised to regain control of Zambia's Konkola mine.
  • Lundin Mining considering sale of European zinc mines to focus on copper.


The surge in Chile's copper production and Vedanta's re-entry into Zambia's Konkola mine could significantly impact global copper supply, potentially influencing prices and investor portfolios. The market confidence in copper's long-term demand is emphasized by Codelco's output growth and Lundin Mining's strategic shift towards copper.

Did You Know?

  • Quebrada Blanca: A large-scale copper mine in northern Chile, known for its significant expansion projects aimed at increasing production capacity.
  • BHP’s Escondida: The world's largest copper mine, located in the Atacama Desert in northern Chile, owned and operated by BHP, a leading global resources company.
  • Lundin Mining Corp.: A multinational mining company based in Canada, involved in the exploration and production of base metals, considering divesting its European zinc assets to concentrate on copper mining in Latin America.

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