CHARTS: The coming critical minerals trade war is BRICS short of a load
"While a large number of countries around the world continue to talk about securing raw material supply, China is actually doing something about it."
Codelco just registered its worst month of production in almost 18 years as the Chilean state behemoth struggles to maintain its status as the world’s top copper supplier.
Management has been saying for several months that output is bottoming out after setbacks at mines and projects, but the numbers for April don’t show any recovery.
That’ll happen in the second half, according to the latest guidance from chairman Maximo Pacheco.
(By James Attwood)
Read More: Copper output from Codelco slides 6% in April
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