Codelco 2026 Output to Land Near 1.2M Tons, Below Prior Guidance

Chilean state miner Codelco told finance and mining ministers that 2026 copper production will close 'closer' to 1.2 million tons, below its earlier 1.3 million-ton target, while reiterating a 1.3 million-ton average over the next four years. The shortfall signals persistent operational challenges at key mines and tightens global copper supply expectations. Market impact hinges on whether the miss is a one-off or signals a sustained output plateau.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works