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Home / Metal News / Codelco Reverses Losses in H1 2017, despite Lower Copper Output

Codelco Reverses Losses in H1 2017, despite Lower Copper Output

Sep 6, 2017 16:01

Source:SMM

Despite lower copper output, higher copper prices allowed Codelco to reverse losses in H1 2017.

SHANGHAI, Sept. 6 (SMM) – Despite lower copper output, higher copper prices allowed Codelco to reverse losses in H1 2017.

CME Metals Trading Volumes Soar in August; Copper Positions Peak

Codelco reported $1.02 billion in pre-tax profit in H1, versus a loss of $97 million a year ago.

LME Copper Net Long Positions Rise for Seven Weeks on End

The company produced 798,000 tonnes of copper in H1, down from 843,000 tonnes in the same period last year.

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Codelco copper output

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