https://newsletter.mw.creamermedia.com
Copper|Financial|Mining
Copper|Financial|Mining
copper|financial|mining

Codelco sees copper output ticking up in second half of year

4th July 2024

By: Reuters

  

Font size: - +

SANTIAGO - Chilean copper mining giant Codelco's output continued to decline year-on-year in the first half of 2024 but should tick up in the second half of this year, the chairman of the State-run miner, Maximo Pacheco, said on Wednesday.

Pacheco said he did not expect to adjust this year's copper forecasts, and he did not expect opposition from Chinese lithium giant Tianqi to prevent its deal with SQM, the world's No. 2 producer of the key battery metal.

Tianqi last week appealed to Chile's financial regulator to reconsider its decision that a deal between the two Chilean firms does not require shareholder approval.

Tianqi, which owns a fifth of SQM, has also said it would consider legal actions.

SQM has agreed to a deal with Codelco that would give the state a key role in producing lithium while letting SQM boost its own output, a major plank of the Chilean government's plan for greater state control.

Chile is the world's second-largest lithium producer after Australia.

Edited by Reuters

Comments

 

Showroom

The Southern African Institute of Mining and Metallurgy
The Southern African Institute of Mining and Metallurgy

The SAIMM started as a learned society in 1894 after the invention of the cyanide process that saved the South African gold mining industry of the...

VISIT SHOWROOM 
Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Minerals Council South Africa CEO Mzila Mthenjane
Minerals Council optimistic about ongoing MPRDA review
13th December 2024 By: Marleny Arnoldi
Magazine round up | 13 December 2024
Magazine round up | 13 December 2024
13th December 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.479 0.556s - 149pq - 2rq
Subscribe Now