{"id":44684,"date":"2025-01-06T18:56:15","date_gmt":"2025-01-06T18:56:15","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/codelcos-2024-copper-output-rises-as-company-eyes-lithium-future\/"},"modified":"2025-01-06T18:56:15","modified_gmt":"2025-01-06T18:56:15","slug":"codelcos-2024-copper-output-rises-as-company-eyes-lithium-future","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/codelcos-2024-copper-output-rises-as-company-eyes-lithium-future\/","title":{"rendered":"Codelco\u2019s 2024 copper output rises as company eyes lithium future"},"content":{"rendered":"

(Originally posted on : Invezz )<\/b>
\n<\/p>\n

<\/div>\n

In a year marked by both challenges and achievements, Codelco, one of the world\u2019s leading copper producers, has seen a modest increase in its copper production for 2024.<\/p>\n

This positive development was shared by Chairman Maximo Pacheco in an interview with the local newspaper Diario Financiero<\/em>. <\/p>\n

Pacheco revealed that the company\u2019s copper output increased slightly, reaching between 1.328 million and 1.329 million metric tons\u2014an improvement over the 1.325 million tons produced in 2023. <\/p>\n

For Codelco, this represents a key milestone as they aim to recover from the production slump experienced in recent years.<\/p>\n

Codelco: overcoming production challenges<\/h2>\n

Despite facing several obstacles, including construction delays at major mining sites and worker fatalities, Codelco has made significant efforts to meet its production targets. <\/p>\n

In a statement, Pacheco noted, <\/p>\n

\n

We crossed the production valley in 2024 and are ready to start 2025 on the upswing, aiming to reach 1.7 million tons of fine copper by the end of the decade.<\/p>\n<\/blockquote>\n

December figures, showing over 160,000 tons produced, suggest the company is on track for an upward trajectory. <\/p>\n

Codelco has recently grappled with declining ore quality and logistical issues, which had previously brought production to its lowest point in 25 years. <\/p>\n

However, Pacheco highlighted the strong finish to 2024, with the company performing much better than at the start of the year.<\/p>\n

Codelco expanding into lithium<\/h2>\n

In addition to its copper business, Codelco is now venturing into the growing lithium industry. <\/p>\n

This move aligns with the goals of President Gabriel Boric\u2019s administration, which in 2023 tasked Codelco with advancing Chile’s lithium ambitions.<\/p>\n

Codelco is starting from scratch in the lithium market, with plans to help position Chile as a leading global producer. Pacheco expects binding offers for the Maricunga lithium project by early 2025, with construction slated for 2027 and production anticipated by 2030. <\/p>\n

Additionally, Codelco has partnered with local lithium company SQM to explore the Atacama salt flats, a region renowned for its vast lithium reserves.<\/p>\n

Codelco\u2019s entry into lithium comes at a pivotal time, as demand for lithium surges, driven by the global shift towards electric vehicles and renewable energy. <\/p>\n

With the need for lithium becoming increasingly urgent, Codelco\u2019s move into this market is both timely and strategic.<\/p>\n

Pacheco\u2019s vision integrates a boost in copper production with an expansion into lithium, positioning Codelco for long-term growth. <\/p>\n

This diversification not only aims to insulate the company from fluctuations in copper prices but also to create new revenue streams as the energy market evolves.<\/p>\n

As Codelco enters 2025, the company is focused not only on overcoming recent challenges but also on capitalizing on its strengths in both copper and lithium production. <\/p>\n

By expanding into emerging resources while reviving copper output, Codelco is taking steps to secure its place as a key player in the global mining industry. <\/p>\n

The post Codelco’s 2024 copper output rises as company eyes lithium future<\/a> appeared first on Invezz<\/a><\/p>\n

Source link <\/a>
\n
<\/p>\n","protected":false},"excerpt":{"rendered":"

(Originally posted on : Invezz ) In a year marked by both challenges and achievements, Codelco, one of the world\u2019s leading copper producers, has seen a modest increase in its copper production for 2024. This positive development was shared by Chairman Maximo Pacheco in an interview with the local newspaper Diario Financiero. Pacheco revealed that […]<\/p>\n","protected":false},"author":3947362380,"featured_media":44685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[37],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44684"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362380"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=44684"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/44684\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/44685"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=44684"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=44684"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=44684"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}