Codelco Sees War Disruptions Adding 5% to Cost of Making Copper.

The article focuses on Codelco, a leading copper supplier, and the impact of the Middle East conflict on its production costs, which are expected to rise by about 5% due to higher diesel prices, more expensive supplies, and a proposed suspension of a Chilean fuel tax credit. Despite a nearly 9% drop in copper prices since the war began, Codelco maintains a positive long-term outlook based on strong supply-demand fundamentals amid growing demand driven by data centers and electric vehicles. The company aims to increase production slightly this year after a 25-year low caused by declining ore grades, project delays, and a mine collapse, with Executive Chairman Máximo Pacheco seeking to restore output to pre-pandemic levels. [Extracted from the article]