Codelco Reports Significant Profit in 2024

Codelco reported a pre-tax profit of $790 million for 2024, a significant improvement from a $757 million loss the previous year. The company’s copper output was 1.328 million metric tons.

Codelco, the largest copper producer globally, announced a significant turnaround in its financial performance for 2024, achieving a pre-tax profit of $790 million. This marks a substantial improvement compared to the prior year’s loss of $757 million. Additionally, the state-owned mining company reported an output of 1.328 million metric tons of copper, reflecting its operational capacity during this period.

In summary, Codelco’s financial recovery in 2024, marked by a pre-tax profit of $790 million and a notable output of 1.328 million metric tons, underscores its resilience and capacity to rebound from previous losses. This performance indicates a positive trend for the company amidst fluctuating market conditions in the copper industry.

Original Source: money.usnews.com