Anglo American reports 6% drop in copper output for Q4 2023

Anglo American’s Q4 2023 production results revealed a 6% drop in copper production to 230,000 t, attributed to a 16% decline in Chile’s output due to challenges at Los Bronces mine. Nevertheless, overall copper production for 2023 increased by 24% to 826,000 t from 664,000 t in 2022, fueled by heightened production at Quellaveco in Peru. Conversely, nickel surged by 9% to 11,100 t, indicating enhanced operational stability.