Codelco expected to recover annual capacity to 1.7 million tons by 2030
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Update time : 2023-08-23 17:37:20
Andre Sougarret, the outgoing chief executive of Codelco, said the annual production capacity won’t recover to 1.7 million tons until 2030, with a premise that the company can replace half of its production with new projects over the next decade.
Codelco’s copper production is at a 25-year low. The government asks Codelco to lead talks with private lithium companies to move to a state-led public-private model.
Sougarret announced his resignation in June and will resign at the end of this month, citing complexities in managing the company.
