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World's Largest Copper Producer Closes Chilean Smelter and Refinery

From scrapmonster.com

Chile-based Codelco- the world’s largest copper producer announced its decision to shut operations at its Chuquicamata copper smelter and refinery, in order to prevent the spread of the Covid-19 among its workers. The mine had recently reported death of third mine worker. The company press release noted that the Chuquicamata Division has determined to stop its smelting operations, given the complex situation experienced by the Antofagasta Region and the city of Calama due to Covid-19 spread. The new measure is aimed at ensuring the safety and health of its staff and is transitory in nature. The move will take out ... (full story)

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  • Category: Fundamental Analysis