A virtual operations center of Chile's state-owned Codelco, the world's largest copper producer, is seen during its inauguration in Santiago, Chile, December 1, 2021.
REUTERS/Fabian CamberoSANTIAGO (Reuters) -Chile’s state miner, Codelco, on Friday cut its copper output forecast for 2023 and said it expects more halts in production during the second half of the year, following months of declines.
Codelco, whose production fell to its lowest level in a quarter-century last year, has faced a series of adverse weather and operational problems, including the death of a contract worker at El Teniente in June.
The company has also been tasked with leading talks with private companies in Chile’s push to increase state control over the country’s vast lithium industry.
2 for lithium, key to powering the booming electric vehicle industry, though Codelco does not mine any lithium.
Persons:
Fabian Cambero SANTIAGO, Codelco, Andre Sougarret
Organizations:
REUTERS, El Teniente
Locations:
Santiago , Chile, El, Chile