off-the-wire

Codelco signs agreement with Glencore for Chilean smelter project

Kitco Media
By Reuters
Published:
Updated:
Reuters
Codelco signs agreement with Glencore for Chilean smelter project teaser image

Chile’s state-run copper producer Codelco said on Wednesday it has signed a memorandum of understanding with Glencore to increase smelter capacity in Chile, and aims to reach a definitive deal in the first half of next year.

The agreement is intended to advance the construction of a new plant with estimated processing capacity of 1.5 million dry metric tons a year, Codelco said.

(By Daina Beth Solomon and Fabian Cambero; Editing by Kylie Madry)

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