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Codelco Copper Output Slips 6 Percent in April, Supply Tightness Concerns Rise

Mining
Mining

Codelco, the world’s largest copper producer, reported a 6 percent drop in copper output in April 2025.

This reduction intensifies global supply concerns at a time of robust demand from the energy transition.

Breaking Down Regional Output Changes

Chuquicamata

Output at the world’s largest open-pit copper mine dropped 8% due to declining ore grades and processing-facility maintenance.

El Teniente

Production at the world’s biggest underground copper mine fell 5%, hampered by ore-quality issues and modernisation work.

Revised Production Guidance

Codelco cut its 2025 forecast to 1.60 Mt from 1.70 Mt of copper, reflecting geological challenges and major infrastructure investments.

LME Copper Rallying Amid Tight Supply

The benchmark three-month price surged to $9,200/t as constrained supply and strong renewable and EV demand fuelled a bullish market outlook.

Copper Investment Opportunities

For exposure to rising copper prices, consider:

Antofagasta

London-listed Chilean miner benefiting from the supply–demand balance in copper markets.

First Quantum Minerals

Canadian firm with growth-stage assets like Sentinel and Cobre Panama offering strong upside potential.

Glencore

Integrated miner and trader with diversified battery-metal exposure and a resilient risk-return profile.

Actionable Investment Tips

Long Miners vs Short Futures

Go long mining equities to capture price upside while hedging with short positions in copper futures.

Battery Metal ETFs

Use ETFs focused on battery and critical minerals for diversified exposure to secular energy-transition trends.

Why Early Alerts Matter

Timely notifications on supply disruptions and price moves help professionals act decisively in volatile commodities markets.

Ore More Copper – Stay Ahead

Subscribe to Advisor’s Gateway’s fortnightly newsletter for expert insights and action-driven alerts on copper and beyond.

Mrs. Fiona Harrington
Mrs. Fiona Harrington
Wealth Management Specialist
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