Home / Metal News / Codelco Replaced by Freeport as World Largest Copper Producer, Copper Output to Fall in Q2

Codelco Replaced by Freeport as World Largest Copper Producer, Copper Output to Fall in Q2

iconAug 3, 2017 10:13
Source:SMM
Codelco has lost its positions as the world’s largest copper producer recently, which has been replaced by Freeport-McMoRan CopperGold Inc.

SHANGHAI, Aug. 3 (SMM) - Codelco has lost its positions as the world’s largest copper producer recently, which has been replaced by Freeport-McMoRan CopperGold Inc.

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Codelco expects its copper production to fall 1-2% on a yearly basis in Q2 2017. Its copper output in the same period of last year was over 400,000 tonnes.

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Its copper output decreased 11% on a yearly basis in Q1 2017 because of lower grade. 

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