Copper tops $5 per lb as 2026 talks, policy risk harden
Copper traded around $5 per lb. ($11,000 per tonne) on Friday as industry participants warned that 2026 contract negotiations could be the toughest in years, with policy uncertainty in the…
Codelco
Fitch lifts 2025 copper price forecast
Fitch Solutions’ Business Monitor International (BMI) has raised its 2025 average copper price forecast to $9,650 per tonne, up from $9,500 previously, as persistent supply disruptions and resilient industrial demand…
Codelco fast-tracks automation after deadly collapse
Chile’s state-owned copper giant Codelco is to fast-track automation at its El Teniente mine after a deadly collapse killed six workers, in what became Chile’s worst mining accident in decades….
Quake kills six at Codelco copper mine in Chile
Codelco says all of the five workers trapped at one of the world’s largest underground copper mines have been pronounced dead plus another who died when a powerful tremor caused…
Rescuers still can’t reach Chile copper mine fall
Emergency teams still haven’t reached an earthquake-triggered copper mine collapse in Chile that killed one worker and left five others missing, according to state-run mining giant Codelco. Rescuers as of…
Chile election puts mining sector’s future on the line
On November 16, Chileans will head to the polls to elect their next president, who will govern until 2030 – and in doing so, set the course for the country’s…
OPEC-style lithium cartel now unlikely, analyst says
The odds of Latin America’s three lithium powers banding together to form a production cartel have almost evaporated due to contrasting economic models, a leading geopolitical analyst says. Argentina, Chile…
Codelco regains title as world’s top copper producer
Codelco has resumed its position as the world’s largest copper producer after reporting 2024 output slightly more than BHP (NYSE: BHP). Chile’s state-owned miner produced 1.44 million tonnes of copper…
Codelco, Saudi Arabia eye copper JVs: Reuters
Chile’s Codelco and Saudi Arabia are engaged in early-stage discussions about potential joint investments in the copper sector, the state-owned miner’s chairman Maximo Pacheco told Reuters on Friday. The collaboration…
Does upside outweigh risks in copper-rich Chile?
Nationalization continues to be a hot topic in mining circles. As supply chains tighten and long-term demand drivers strengthen, resource-rich nations are looking to capture a greater share of their…
Codelco makes first foray into lithium with US$245M deal for Aussie developer
Chilean state-owned copper miner Codelco, the world’s largest copper producer, has reached a deal with Lithium Power International (ASX: LPI) to buy the Australian producer of the battery metal for…
Rio Tinto, Codelco join forces to find more copper in Chile
Chilean state copper company Codelco is partnering with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) to explore the Australian miner’s recently acquired Agua de la Falda copper asset in…