Codelco reported a pre-tax profit of $790 million in 2024, a reversal from a $757 million loss in 2023. The company’s output was 1.328 million metric tons, showcasing operational stability.
In 2024, Chile’s Codelco, the largest copper producer globally, announced a notable financial rebound, reporting a pre-tax profit of $790 million. This represents a significant turnaround from a loss of $757 million in 2023. Alongside financial recovery, Codelco’s copper output reached 1.328 million metric tons during this period, demonstrating production stability amidst the fluctuating market conditions.
Codelco’s return to profitability in 2024, with a reported pre-tax profit of $790 million and an output of 1.328 million metric tons, signifies a positive shift in the company’s financial health after a difficult 2023. This performance highlights the resilience of the state-owned miner in the competitive copper industry.
Original Source: money.usnews.com
