About
Codelco, the Chilean state-owned copper company, is the world's largest copper producer, accountable for roughly 10% of global copper output from its flagship mines in Chile's Atacama region. Founded in 1976 when the Chilean government consolidated the nationalized copper operations, Codelco has supplied the world's copper for nearly five decades and remains the industry's benchmark for scale and geological resources. Its operations include the legendary Chuquicamata open-pit mine, the underground El Teniente mine, the world's largest underground copper mine, and the Radomiro Tomic and Gabriela Mistral operations. Codelco also produces molybdenum and gold as by-products, and is executing a multi-billion-dollar structural projects pipeline to convert aging open pits to modern underground mines, extending output for decades. For B2B buyers, Codelco sells copper cathode, concentrate and refined products through long-term contracts to smelters, fabricators and cable manufacturers worldwide. Its state backing, consistent quality and massive reserves make it a cornerstone supplier in the global copper market, which is tightening as electrification and renewable energy drive demand.
Also known as: Codelco
