Codelco reported a pre-tax profit of $790 million for 2024, recovering from a $757 million loss in 2023. The state-owned company produced 1.328 million metric tons of copper during this period.
Chile’s Codelco, recognized as the largest copper producer globally, reported a significant financial rebound in its 2024 earnings, revealing a pre-tax profit of $790 million. This marks a remarkable recovery from the previous year, where the company faced a loss amounting to $757 million. In terms of production, Codelco achieved a total output of 1.328 million metric tons, indicating a robust operational performance for the year.
In conclusion, Codelco’s financial turnaround from a loss to a profit in 2024 highlights the company’s resilience and capability in the copper market. The reported output of 1.328 million metric tons further underscores its substantial contributions to global copper production.
Original Source: money.usnews.com
