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

SHANGHAI, Aug. 3 (SMM) - Codelco has lost its positions as the world’s largest copper producer recently, which has been replaced by Freeport－McMoRan CopperGold Inc.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