Codelco Targets Higher 2027 Output to Reclaim Top Copper Spot

Codelco is targeting a slight increase in copper output in 2027 as Chile’s state-owned miner looks to reclaim the mantle of world’s biggest supplier of the industrial metal.

Total production next year is budgeted at 1.5 million metric tons, according to people briefed on the projections. The amount includes Codelco’s share of output from mines it doesn’t operate but holds minority ownership in. Production from its own mines is targeted to rise to 1.37 million tons from 1.34 million tons this year, said the people, who asked not to be identified because 2027 guidance hasn’t yet been published.