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Chile’s Codelco swings to profit in 2024

By Thomson Reuters Mar 28, 2025 | 9:08 AM

SANTIAGO (Reuters) – Chile’s Codelco, the world’s largest copper producer, on Friday reported a swing into the black for its 2024 earnings, posting a pre-tax profit of $790 million compared to a loss of $757 million the previous year.

The state-owned miner said output totaled 1.328 million metric tons.

(Reporting by Fabian Cambero and Daina Beth Solomon; Writing by Sarah Morland; Editing by Kylie Madry)