BHP set to dethrone Codelco as world’s biggest copper producer
The copper industry is about to get a new leader as BHP Group overtakes Codelco in the global producer rankings, according to Bloomberg Intelligence estimates.
As long as BHP’s giant Escondida mine in Chile continues to step up production, the Australian company will nudge past Codelco this year, disrupting the Chilean state-owned behemoth’s reign as No. 1, said Bloomberg Intelligence analyst Grant Sporre.
Still, Codelco may recover the top spot in the years ahead as it battles to recover from delays and missteps at its projects.
(By James Attwood)
Read More: Copper price near 15-month high as supply fears spur bullish calls
More News
Aurubis CEO remains upbeat on new year
Aurubis anticipates operating earnings before taxes of between $324 million and $432 million.
April 01, 2025 | 06:54 am
Rare yellow diamond found at Rio Tinto’s Diavik mine
The 158.20-carat rock is one of only five yellow diamonds weighing more than 100 carats ever found at Diavik in its 22-year history.
April 01, 2025 | 05:59 am
{{ commodity.name }}
{{ post.title }}
{{ post.excerpt }}
{{ post.date }}
Comments