The company isn’t under pressure to follow rivals like BHP in seeking acquisitions, and will instead focus on innovation to grow production and lower costs, CEO Kathleen Quirk said.
El Teniente’s first-half production is tracking lower than the same period last year as it repairs areas of the underground operation affected by the collapse last June.
Narendra Modi has cast himself as climate champion but coal still accounts for roughly three-quarters of output in India and its use continues to rise.
Comments pour some cold water on the notion of a swift roll-out of technologies that offer cheaper, faster and greener ways to extract lithium in South America.
The trades are part of a broader deluge of investment into the copper market, with the value of long positions held by fund managers in London and New York futures tripling this year.