Glencore and Codelco Join Forces for Copper Smelter Project in Chile
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 03 2025
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Should l Buy ?
Source: SeekingAlpha
Glencore's New Project: Glencore has been selected by Codelco to design and potentially develop a new copper smelter in Chile, with a processing capacity of up to 1.5 million metric tons per year.
Investment and Agreement Details: The project is expected to require an investment of $1.5 billion to $2 billion, and Codelco will provide Glencore with up to 800,000 metric tons of concentrate annually for at least a decade.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
