Vale raises forecast for 2024 iron ore production amid weak prices
The company slightly lowered its forecast for nickel output in 2024.
Chile state miner Codelco produced 111,400 metric tons of copper in July, down 10.7% from a year earlier, the South American country’s Cochilco copper commission announced on Wednesday, while other key miners saw mixed results.
The BHP-controlled Escondida mine lifted its production of the red metal in July by 29%, compared to the same month last year, to reach 106,500 tons. Meanwhile, the Collahuasi mile, jointly run by Glencore and Anglo American, saw output shrink 6% to 47,000 tons.
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