Copper Production looks set to barely keep up (+10K tons) as Chile's Codelco, world's largest producer, eyes investments of $3.914BN ($3.289 billion + VAT) --below the $4.7BN invested in 2025 & $4.6BN in 2024. Forecasting copper @ $4.90/lb., with direct prod'n costs @ $2.20/lb.

Copper Production looks set to barely keep up (+10K tons) as Chile's Codelco, world's largest producer, eyes investments of $3.914BN ($3.289 billion + VAT) --below the $4.7BN invested in 2025 & $4.6BN in 2024. Forecasting copper @ $4.90/lb., with direct prod'n costs @ $2.20/lb.

— MasterMetals (@MasterMetals) Feb 9, 2026

from MasterMetals
https://twitter.com/MasterMetals/status/2020908235075600689
February 09, 2026 at 06:10PM