Codelco warns output to keep falling without private partnerships

Codelco's chief stated that copper production will continue declining unless the Chilean state miner forms private partnerships, following a 25-year low in 2022-2023. The company's recovery efforts have been insufficient, and the warning signals potential supply constraints in the global copper market. The statement underscores structural challenges in Chile's copper output, which could tighten global supply and support prices.

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