BHP Set to Dethrone Codelco as World’s Biggest Copper Producer

(Bloomberg) — The copper industry is about to get a new leader as BHP Group overtakes Codelco in the global producer rankings, according to Bloomberg Intelligence estimates.

Most Read from Bloomberg

As long as BHP’s giant Escondida mine in Chile continues to step up production, the Australian company will nudge past Codelco this year, disrupting the Chilean state-owned behemoth’s reign as No. 1, said Bloomberg Intelligence analyst Grant Sporre.

Still, Codelco may recover the top spot in the years ahead as it battles to recover from delays and missteps at its projects.

Most Read from Bloomberg Businessweek

©2024 Bloomberg L.P.

Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

By Matt Earle

Matthew Earle is the Founder of MiningFeeds. In 2005, Matt founded MiningNerds.com to provide data and information to the mining investment community. This site was merged with Highgrade Review to form MiningFeeds. Matt has a B.Sc. degree with a minor in geology from the University of Toronto.

Comments are closed.

If you would like to receive our free newsletter via email, simply enter your email address below & click subscribe.

MOST ACTIVE MINING STOCKS

 Daily Gainers

 Highbank Resources Ltd. HBK.V +50.00%
 Tearlach Resources Ltd. TEA.V +50.00%
 Altius Mining Limited AYM.AX +50.00%
 Augur Resources Limited AUK.AX +33.33%
 Casa Minerals Inc. CASA.V +30.00%
 Nimrodel Resources Limited NMR.AX +27.27%
 Avalon Rare Metals Inc. AVL.TO +23.08%
 Stellar Pacific Ventures, Inc. SPX.V +20.00%
 Stelmine Canada Limited STH.V +20.00%
 Atlantic Gold NL ATV.AX +19.51%