On March 31, the chief executive of Chile's state-owned copper producer Codelco said that copper production is expected to be roughly flat in 2023. The company expects to produce 1.35-1.45 million mt of copper this year, Chief Executive Andre Sougarret told at a news conference. Production in 2022 totalled 1.446 million mt, down 10.6% from 2021 but in line with a previous review. The company reported that pre-tax profit fell to $2.75 billion in 2022 due to the impact of operational issues that affected sales. Its direct production costs rose 24.6% to $1.654 per pound from $1.327 last year.
![Relación de precios SHFE/LME se debilita, las primas de cobre de Yangshan carecen de impulso alcista, las primas al contado retroceden [Cobre al contado de Yangshan de SMM]](https://imgqn.smm.cn/usercenter/GfvuY20251217171708.jpg)
![La diferencia de precios entre los contratos de futuros sigue siendo amplia cerca del mes de entrega, y los proveedores reducen proactivamente los precios para vender [Cobre al contado del sur de China de SMM]](https://imgqn.smm.cn/usercenter/HaNSH20251217171714.jpeg)
![Los futuros se estabilizan mientras la demanda sigue débil; el cobre al contado en el norte de China pasa a descuento [SMM cobre al contado del norte de China]](https://imgqn.smm.cn/usercenter/qBqQv20251217171708.jpg)
