Codelco to Cut Cash Cost against Falling Copper Prices

Nov 6, 2015 13:20

Source:SMM

Codelco, the world’s largest copper producer, said it will trim cash cost by 50 cent per pound in copper smelting amid continuously sliding copper prices, according to wenhua.com.

SHANGHAI, Nov. 6 (SMM) - Codelco, the world’s largest copper producer, said it will trim cash cost by 50 cent per pound in copper smelting amid continuously sliding copper prices, according to wenhua.com.

“We plan to lower our cash cost in the next ten years.”said the company’s Chief Executive Officer Nelson Pizarro.

Codelco’s direct cash cost was $1.40 per pound in the first half of 2015. The company’s profit was bit by sluggish copper prices, despite lower cost from cheaper crude oil.

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

Codelco

copper producer

copper smelting

copper prices

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Codelco to Cut Cash Cost against Falling Copper Prices

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo