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Reuters reported that Codelco saw its copper production rise slightly for the first nine months of 2015, but the company is considering cutting production should copper prices continue to fall.
Reuters reported that Codelco saw its copper production rise slightly for the first nine months of 2015, but the company is considering cutting production should copper prices continue to fall.
As quoted in the publication:
The Chilean state-run miner produced 1.26 million tonnes of copper in January to September, a 2.3 percent rise from a year ago, it said on Friday.
However, pre-tax profit fell by nearly half compared to last year, to $1.2 billion, slammed by a fall in the price of the base metal, used in wiring and construction.