INSUBCONTINENT EXCLUSIVE:
aims to restore production to pre-pandemic levels, targeting 1.7 million tons annually by 2030.This goal is ambitious, considering the
current output of 1.3 million tons, a 25-year low.Codelco has initiated a $40 billion revamp of its aging mines, with Alvarado reorganizing
management to expedite progress.This restructuring marks a catch-up phase following years of modest investment
is rising due to its use in electronics, construction, and renewable energy.Historically, Codelco has been a copper industry benchmark for
production and innovation.Facing aging infrastructure and sustainability needs, the company is now modernizing its operations.BackgroundThe
global copper market is increasingly competitive, with new players challenging established firms like Codelco.This competition is fueled by
environmental concerns with operational efficiency.In a changing industry, such strategic investments are key to long-term success.
