Codelco
Corporación Nacional del Cobre de Chile, the Chilean state-owned mining company and the world's largest copper producer, operating major mines including Chuquicamata and El Teniente.
Covered in 5 MetalsCost.com News Intelligence articles, most recently on September 30, 2026.
Coverage
Chile's Copper Output Falls 12.8% in August to Its Lowest Level Since 2011
Its Andes Norte expansion at El Teniente is on hold for two years because of seismic risk.
Copper Mine Supply Is Headed for Its First Annual Decline Since 2017, Morgan Stanley Says
Global copper mine output fell 1.1% in H1 2026, and Morgan Stanley now expects the first full-year mine-supply decline since 2017, led by Chile's weakest quarter in 19 years.
Chile and Argentina Approve a $20.7 Billion Copper Treaty — But It Won't Fix Today's Shortage, Analysts Say
Chile cleared a $20.7 billion copper treaty promising 540,000 tonnes a year, but permitting delays and a suspended Codelco mine mean today's shortage isn't going away soon.
Copper's Record Run Reflects a Supply Squeeze That Could Take 17 Years to Fix, Sprott Says
Copper has climbed above $14,300 a tonne on a widening supply deficit, with Sprott pointing to Chile's declining output and a roughly 17.5-year lag before new mines can respond.
Molybdenum Oxide Futures Jump From $21 to $33 a Pound as China's 97,000-Tonne Output Anchors Global Supply
Molybdenum oxide futures have jumped from roughly $21 to $33 a pound, even as China's 97,000-tonne annual output continues to anchor a global supply base led by CMOC, Codelco and Freeport-McMoRan.
