Codelco to focus on public-private partnerships to boost finances and production, CFO says
Chile's Codelco, the world's largest copper producer, will focus on more public-private partnerships to buoy finances and improve its capacity to develop new projects amid efforts to boost production, CFO Alejandro Sanhueza told Reuters on Wednesday. A growing global appetite for copper and lithium amid the energy transition has led to sky-rocketing demand at a time when Codelco has been struggling to lift production after hitting quarter-century lows in 2023, partly due to dropping ore grades and delays in projects to overhaul key mines.
Chile's Codelco, the world's largest copper producer, will focus on more public-private partnerships to buoy finances and improve its capacity to develop new projects amid efforts to boost production, CFO Alejandro Sanhueza told Reuters on Wednesday.
A growing global appetite for copper and lithium amid the energy transition has led to sky-rocketing demand at a time when Codelco has been struggling to lift production after hitting quarter-century lows in 2023, partly due to dropping ore grades and delays in projects to overhaul key mines.
