11 April 2025 | Other

Chilean Codelco's copper production down 6% in February

Chilean Codelco's copper production down 6% in February

Chilean state-owned mining company Codelco's February copper production fell 6% from a year earlier to 98,100 tons. The company is the world's top miner of the red metal, but has struggled to boost declining output in recent years.

Meanwhile, copper production at BHP's Escondida mine, the world's largest, rose 16% to 113,400 tons, Reuters reported.

At Collahuasi, another major red metal mine jointly operated by Glencore and Anglo American, output fell 62% to just 17,000 tons. Anglo American's head of Chile operations, Patricio Hidalgo, expects the mine to produce most of its planned copper output in the second half of the year. At the current stage, development of the site in 2025 will focus on minerals with lower concentrations of the red metal, he added.

Anton Volkov MarketCheese
Period: 04.02.2026 Expectation: 1500 pips
USDCAD is in short-term consolidation before going down again
Yesterday at 11:06 AM 26
Lyra_Moonwell1
Lyra_Moonwell1

Listed among the best MarketCheese authors
1st in the segment "Oil and gas"
Period: 03.02.2026 Expectation: 500 pips
NVIDIA stocks set to retest January high at $193
Yesterday at 09:58 AM 32
Period: 30.04.2026 Expectation: 2900 pips
Buying AUDCAD when it goes back to 0.9250
Yesterday at 07:02 AM 21
Period: 04.02.2026 Expectation: 1550 pips
EURUSD is poised to correct amid overheated conditions and profit-taking
Yesterday at 06:57 AM 31
Period: 31.07.2026 Expectation: 5000 pips
Buying SPX with $7,500 in view
Yesterday at 04:09 AM 23
Period: 15.02.2026 Expectation: 50 pips
Selling EURUSD down to 1.1760
Yesterday at 04:07 AM 21
Go to forecasts