Codelco Warns Middle East War Will Raise Copper Production Costs by 5%

Codelco, the world’s top copper supplier, has warned that disruptions from the Middle East war will increase its production costs by approximately 5%, marking one of the first concrete inflation estimates from a major miner. The state-owned Chilean company pegs the added burden at about 10 cents per pound, pushing its current cash cost of […] The post Codelco Warns Middle East War Will Raise Copper Production Costs by 5% appeared first on the deep dive.