World’s Top Copper Supplier Codelco Posts Drop in Production

  • Chile miner’s first-half output was 8.4% lower than year ago
  • CEO Alvarado bets on a recovery even as BHP gains ground
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Codelco posted a decline in first-half production as setbacks loosen the Chilean state-owned company’s grip on the title of world’s biggest copper supplier.

Copper production came in 8.4% below the first six months of last year, the Santiago-based miner saidBloomberg Terminal Friday.