A post by @FirstSquawk on X.

Codelco expects to produce about 1.2 million tons of copper this year and to average 1.3 million tons annually over the next four years, according to a First Squawk post. The guidance puts the Chilean state-owned miner's near-term output roughly 100,000 tons a year above its current-year estimate. The figures matter because Codelco is the world's largest copper producer, so its volumes are a key swing factor for global refined copper supply and treatment charges. Watch whether the company hits the 1.2 million-ton mark this year and whether the planned ramp-up to a 1.3 million-ton average is sustained.