Codelco’s 2022 pretax profit slumps 63%

Copper anode molding. (Image by Codelco, Flickr).

Chilean state-owned copper producer Codelco posted on Friday a 63% drop in its 2022 pre-tax profit to $2.75 billion.

Codelco, the world’s largest copper producer, said yearly production totaled 1.446 million tonnes, down 10.6% from a year ago.

(By Fabian Cambero and Carolina Pulice; Editing by Isabel Woodford)


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