Notable

Notable Codelco Chair Signals Shift Toward Copper Profit Over Growth Codelco’s new chairman signaled a shift toward profitability over production volume at his first board meeting leading the Chilean state-owned copper giant. “Our mandate is not to produce for the sake of producing, but to do so safely, efficiently and profitably,” Bernardo Fontaine was quoted as saying in a statement on Thursday. The comments suggest a change in emphasis from predecessor Máximo Pacheco’s drive to restore pro — via @chigrl

Shift toward profit signals potential copper supply constraint, boosting price outlook.