Winter Storm Halts Codelco And Antofagasta Mines, Shuts Chile's Ports
Codelco stopped Andina's surface work and El Teniente's shipments on snow-covered slopes, while Antofagasta Minerals restricted access to Los Pelambres.
- Codelco halted Andina's surface operations and El Teniente's ore shipments over snow accumulation.
- Antofagasta Minerals restricted access to Los Pelambres and cut non-critical activity as a precaution.
- Central Chile's ports restricted vessel movements, and the country mines roughly a quarter of world copper.
Why it matters: A quarter of the world's copper supply now depends on whether it stops raining in Chile.