Chile’s Codelco sees copper output ticking up in second half of year

SANTIAGO (Reuters) – Chilean copper mining giant Codelco’s output continued to decline year-on-year in the first half of 2024 but should tick up in the second half of this year, the chairman of the state-run miner Maximo Pacheco said on Wednesday.

Pacheco said he did not expect to adjust this year’s copper forecasts, and that he did not expect opposition from China’s Tianqi to prevent its deal with SQM, the world’s No. 2 lithium miner.

(Reporting by Fabian Cambero; Editing by Anthony Esposito)