NewzCodelco, the Chilean state-owned copper producer and the world's largest, reported an increase in profits for the first half of 2026. This financial growth occurred despite an 11% decline in the company's own copper production compared to the same period in 2025.
The rise in profitability was primarily driven by higher international copper prices, which offset the decrease in output volume. The company disclosed these results on Friday, August 28, 2026, in Santiago, Chile.
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