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Codelco chairman Maximo Pacheco said on Thursday that the state-run copper giant expects production this year to outdo 2023, with recovery expected in the second half of the year.
Pacheco said several elements were in Codelco’s favor for the rest of the year – maintenance work was finished, new projects were going online, the company had a solid budget and the kinds of weather-related impacts from earlier this year were not anticipated. Speaking about Codelco’s efforts to enter the lithium industry, he added that the company’s search for a partner for a major new project in the Maricunga salt flat was going well.
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