{"id":234621,"date":"2023-08-14T20:39:05","date_gmt":"2023-08-14T12:39:05","guid":{"rendered":"https:\/\/charltonsnaturalresources.com\/?p=234621"},"modified":"2023-08-14T20:39:11","modified_gmt":"2023-08-14T12:39:11","slug":"codelco-lowers-2023-copper-forecast-following-operational-challenges","status":"publish","type":"post","link":"https:\/\/charltonsnaturalresources.com\/zh-hans\/codelco-lowers-2023-copper-forecast-following-operational-challenges\/","title":{"rendered":"Codelco Lowers 2023 Copper Forecast Following Operational Challenges"},"content":{"rendered":"[et_pb_section fb_built=&#8221;1&#8243; admin_label=&#8221;CNR NEWSLETTER&#8221; module_class=&#8221;cnl-wrapper&#8221; _builder_version=&#8221;4.16&#8243; locked=&#8221;off&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row admin_label=&#8221;Header&#8221; module_class=&#8221;cnr-nl-header&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Header&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-header\">\n<div class=\"cnl-type\">NATURAL RESOURCES<\/div>\n<div class=\"cnl-issue\">News<\/div>\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Logo&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Logo&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-logo\">\n<img decoding=\"async\" src=\"\/legal\/newsletters\/cnl_logo.jpg\" alt=\"Charltons Natural Resources\" \/>\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Banner&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Banner&#8221; _builder_version=&#8221;4.21.0&#8243; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<div class=\"cnl-banner\">\n<div class=\"cnl-banner-image\"><img decoding=\"async\" src=\"\/legal\/news\/2023\/08\/codelco-lowers-2023-copper-forecast-following-operational-challenges.jpg\" alt=\"Codelco Lowers 2023 Copper Forecast Following Operational Challenges\" \/><\/div>\n<div class=\"cnl-title\" style=\"background-color:rgba(0,0,0,0.2)\">\n<div>\n<span>8 \u6708 2023<\/span>\n<h1>Codelco Lowers 2023 Copper Forecast Following Operational Challenges<\/h1>\n\n<\/div>\n\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Text&#8221; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; width=&#8221;100%&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; hover_enabled=&#8221;0&#8243; global_colors_info=&#8221;{}&#8221; sticky_enabled=&#8221;0&#8243;]<p>&nbsp;<\/p>\n<p>Chile\u2019s state-owned miner, Codelco, has downwardly adjusted its copper production forecast for 2023 due to ongoing operational challenges. The new projection is between 1.31 to 1.35 million metric tons, down from the initial estimate of 1.35 to 1.45 million tons. This change comes after a recent rock explosion at El Teniente, its largest mine. In the first half of 2023, Codelco\u2019s pre-tax profits dropped by 86%, alongside a 14% decrease in copper production from the previous year. The company also recorded a 3% decrease in average copper sales prices and an 11.3% drop in sales volumes.<\/p>\n\n<p>Source: <a href=\"https:\/\/www.mining.com\/web\/codelco-posts-86-profit-plunge-as-copper-output-declines-further\/\" target=\"_blank\" rel=\"noopener\">https:\/\/www.mining.com\/web\/codelco-posts-86-profit-plunge-as-copper-output-declines-further\/<\/a><\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Button Navs&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;navs&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-bott-navs\">\n<div><span><\/span><a href=\"https:\/\/charltonsnaturalresources.com\/zh-hans\/saudi-arabias-maaden-acquires-10-stake-in-brazils-vale\/\" target=\"_self\">Saudi Arabia\u2019s MA\u2019ADEN Acquires 10% Stake In Brazil\u2019s Vale<\/a><\/div>\n<div><a href=\"https:\/\/charltonsnaturalresources.com\/zh-hans\/copper-prices-soar-to-a-three-month-high-amid-growing-demand-and-chiles-supply-constraints\/\" target=\"_self\">Copper Prices Soar To A Three-Month High Amid Growing Demand And Chile\u2019s Supply Constraints<\/a><span><\/span><\/div>\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row admin_label=&#8221;Legal Advice&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Legal Advice&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-legal-advice\">\n<h3>This newsletter is for information purposes only.<\/h3>\n<p>Its contents do not constitute legal advice and it should not be regarded as a substitute for detailed advice in individual cases.\nTransmission of this information is not intended to create and receipt does not constitute a lawyer-client relationship between Charltons and the user or browser.\nCharltons is not responsible for any third party content which can be accessed through the website.<\/p>\n<p>If you do not wish to receive this newsletter please let us know by emailing us at <a href=\"mailto:unsubscribe@charltonslaw.com\">unsubscribe@charltonslaw.com<\/a><\/p>\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row disabled_on=&#8221;on|on|on&#8221; admin_label=&#8221;Footer&#8221; _builder_version=&#8221;4.16&#8243; disabled=&#8221;on&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;][et_pb_text admin_label=&#8221;Footer&#8221; _builder_version=&#8221;4.16&#8243; global_colors_info=&#8221;{}&#8221;]<div class=\"cnl-footer\">\n        <div class=\"cnl-footer-award\">\n                <div>\n                       <img decoding=\"async\" src=\"\/legal\/newsletters\/cnl_logo_footer.png\">\n                        <h2>Boutique Transactional Law Firm of the Year 2020<\/h2>\n                        <span>Asian Legal Business Awards<\/span>\n                <\/div>\n        <\/div>        \n<\/div>\n<div class=\"cnl-foot-address\">\n        <div>Hong Kong Office: Dominion Centre, 12th Floor, 43-59 Queen\u2019s Road East, Hong Kong Tel: + (852) 2905 7888 Fax: + (852) 2854 9596<\/div>\n        <div>Website: <a href=\"https:\/\/www.charltonslaw.com\" target=\"_blank\" rel=\"noopener noreferrer\">https:\/\/www.charltonslaw.com<\/a><\/div>\n<\/div>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]","protected":false},"excerpt":{"rendered":"<p>NATURAL RESOURCES News 8 \u6708 2023 Codelco Lowers 2023 Copper Forecast Following Operational Challenges &#038;nb [&hellip;]<\/p>\n","protected":false},"author":9,"featured_media":234627,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","inline_featured_image":false,"fifu_image_url":"https:\/\/charltonsnaturalresources.com\/legal\/news\/2023\/08\/codelco-lowers-2023-copper-forecast-following-operational-challenges.jpg","fifu_image_alt":"Saudi Arabia\u2019s MA\u2019ADEN Acquires 10% Stake In Brazil\u2019s Vale","footnotes":""},"categories":[23],"tags":[46],"class_list":["post-234621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-https-charltonsnaturalresources-com-legal-news-2021-08-mineralised-zones-found-in-botswana-thumb-jpg","cat-23-id"],"_links":{"self":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/posts\/234621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/comments?post=234621"}],"version-history":[{"count":3,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/posts\/234621\/revisions"}],"predecessor-version":[{"id":234626,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/posts\/234621\/revisions\/234626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/media\/234627"}],"wp:attachment":[{"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/media?parent=234621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/categories?post=234621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/charltonsnaturalresources.com\/zh-hans\/wp-json\/wp\/v2\/tags?post=234621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}