Chile's Codelco New Head Emphasizes Profit First and Governance Rectification, May Slow Down Expansion Pace
Chile's National Copper Corporation (Codelco) is shifting its focus from production volume to profitability under its new chairman, Bernardo Fontaine. This strategic pivot aims to ensure safe, efficient, and profitable operations, moving away from the previous emphasis on increasing output. The enhanced scrutiny on investment decisions may temper expansion plans, even as global copper demand rises due to the energy transition and data center growth. AI