Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnAISquareMore
The new head of the National Copper Corporation of Chile emphasizes profit priority and governance restructuring, which may slow down the pace of capacity expansion

The new head of the National Copper Corporation of Chile emphasizes profit priority and governance restructuring, which may slow down the pace of capacity expansion

老虎证券老虎证券2026/05/29 06:22
Show original
"Our responsibility is not production for production's sake, but to produce in a safe, efficient, and profitable manner," Chairman Bernardo Fontaine said in a statement on Thursday. At Thursday's meeting, the board agreed to maximize contributions to the country as much as possible while avoiding further increases to debt, which is already near historical highs. This statement indicates a shift in strategic focus. Former Chairman Máximo Pacheco was committed to restoring production growth after repeated setbacks in old mine renovation projects. Now, strengthening scrutiny of investment decisions may restrain expansion plans; amid rising copper demand driven by the energy transition and data center construction, this could also help maintain tightness in the global copper market supply.
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

Goldman Sachs: 5% yield on US Treasury bonds is attractive, but going long on AI computing power is even better.

With long-term U.S. Treasury yields hovering around 5%, government bonds have become attractive again. However, according to a Goldman Sachs executive, AI infrastructure still offers better opportunities.

智通财经2026/09/22 00:16

Bank of Canada Issues Strongest Stagflation Warning: Tariffs May Push Q4 Growth Below 1%, High Oil Prices Intensify Inflation

Bank of Canada Governor Macklem stated on Monday that a new round of U.S. tariffs could halve Canada’s fourth-quarter economic growth, dropping it below 1%, while annual inflation will remain at 3%, exceeding the 2% target. He added that if oil prices continue to hover around $100 per barrel, prices could be pushed even higher. Macklem said that if inflation is manageable, he does not want to raise interest rates; however, if inflation exceeds expectations, he also does not want to react too slowly.

华尔街见闻2026/09/22 00:16