Chile’s Copper Giant Codelco to Trim 2015 Refined Supply

Codelco’s output and sales of refined copper will shrink five percent next year as the world’s largest producer seeks billions of dollars to revive production, according to the company’s top sales manager.

Shipments of copper cathode will decrease to all markets, including China, the world’s biggest consumer of the metal and buyer of more than 30 percent of Codelco’s refined copper production, Rodrigo Toro, corporate sales vice president, said in an interview.