Copper output from Chile's Codelco this year to top 2023, chairman says

Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year.

"We have reaffirmed our commitment for 2024 production to surpass 2023," he said.

After years of sliding production at the world's top copper producer, Codelco is behind target for production in 2024, and analysts say it faces an uphill battle to make up lost ground with a second-half turnaround.