AT A GLANCE: Codelco output falls in H1 2019; expects recovery in H2

A summary of Codelco’s copper and molybdenum production results and sales volumes for the first half of the year, ended on June 30.

In brief
Chilean state-owned copper producer Codelco reported a year-on-year decrease in production for the first half of the year, amid heavy rains and a strike at the Chuquicamata unit, as well as an overall lower copper content in mined ore.
Output disruption, coupled with a higher build-up of inventory, was responsible for a 6.8% miss of the company’s own copper production forecast of 762,000 tonnes. Copper grades averaged 0.66% during the period, from 0.67% a year before.

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Published

Renato Rostás

September 02, 2019

15:23 GMT

São Paulo