Codelco Temporarily Suspends Andes Norte over Emerging Deep-Seismic Risk

Published: Aug 5, 2026 09:24

Save

Codelco has temporarily suspended development and construction activities at the Andes Norte project within its El Teniente division. The company identified a potential emerging seismic risk associated with the project’s greater depth and will strengthen monitoring, instrumentation and technical controls before work resumes. Other production areas at El Teniente remain operational.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

2 mins ago

Inventory dropped, suppliers held prices firm, but downstream purchased cautiously [SMM South China spot copper]

2 mins ago

12 mins ago

High copper prices dampen purchasing, and sluggish trading drags down North China spot premiums [SMM North China Copper Spot]

Today, spot #1 copper cathode prices in North China against the front-month contract averaged a discount of 50 yuan/mt to a premium of 40 yuan/mt, the average discount of 5 yuan/mt was down 50 yuan/mt from the previous trading day, and the average transaction price was 107,090 yuan/mt, up 395 yuan/mt.

12 mins ago

17 mins ago

Off-Season Demand Combined with High Copper Prices Puts July Wire and Cable Production Under Pressure [SMM Analysis]

[SMM Analysis: Off-Season Demand Combined with High Copper Prices Puts July Copper Wire and Cable Production Under Pressure] In July, the operating rate of the copper wire and cable industry recorded 69.82%, down 2.4 percentage points MoM and down 1.79 percentage points YoY. Among them, the operating rate of large enterprises was 75.13%, that of medium-sized enterprises was 47.75%, and that of small-sized enterprises was 46.93%......

17 mins ago