Codelco's Q1 2026 Profit Triples to $825M Despite 8% Drop in Copper Production

Codelco, one of the world's largest copper producers, released its earnings report on Friday. Benefiting from stronger copper prices, the company's pre-tax profit reached $825 million in Q1 2026, nearly tripling compared to the same period last year when it stood at $213 million.

Codelco stated that the company's total copper production from January to March was 272,000 mt, down 8% compared to the same period last year.Codelco reported its Q1 2026 results. Market conditions for copper and various by-products improved during the quarter, but the company's own production declined.From January to March, the company's own copper mine production reached 272,000 mt of concentrates, down 8.1% compared to the same period in 2025.