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Chile’s state copper company Codelco produced 1.44Mt of copper in 2022, a 10.7% fall from 2021, due to lower grades, lower recoveries, and delays to the advancement of its structural investment projects.
Codelco profits plunge
The company also reported an increase in its C1 cash cost to US$1.65/lb, a 24.6% increase from the $1.32/lb in 2021. Its C3 net cathode cost increased 22.5% to $2.82/lb from $2.30/lb.
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