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, Massive increase in earnings: the world’s largest copper producer increases profit by more than 800 percent | news, Forex-News, Forex-News
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Massive increase in earnings: the world’s largest copper producer increases profit by more than 800 percent | news

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, Massive increase in earnings: the world’s largest copper producer increases profit by more than 800 percent | news, Forex-News, Forex-News

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, Massive increase in earnings: the world’s largest copper producer increases profit by more than 800 percent | news, Forex-News, Forex-News
The Chilean state company generated revenue of 3.675 billion US dollars for the tax authorities of the South American country, as the president of the board of directors, Juan Benavides, announced on Friday. That was almost ten times as much as in the same period last year and the best result in the past ten years.

The reason for the jump in profit is the recent significant increase in the world market price for copper. In addition, Codelco increased its copper production by seven percent to 796,000 tons in the first six months of the year. With a world market share of eight percent, the state-owned company is the largest copper producer in the world. Around 13 percent of exports go to Europe.

SANTIAGO DE CHILE (dpa-AFX)

Image Sources: Shchipkova Elena / Shutterstock.com

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, Massive increase in earnings: the world’s largest copper producer increases profit by more than 800 percent | news, Forex-News, Forex-News

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