El Teniente

None at all.

Codelco could not replace the sunk capital that Amerigo has in terms of beneficiating those El Teniente tailings.

No concerns whatsoever.

And the fact that one should have no concerns is borne out by a 20-year relationship of the two organizations working together to mutual benefit.

Warehouses affiliated with the COMEX in the United States now hold approximately 70% of visible global copper inventories, driving COMEX copper prices to an all-time peak near $7 per pound or more than $15,000 per metric ton.

With mining supply further curtailed by operational disruptions, including a fatal landslide at Codelco's flagship El Teniente deposit, analysts at Goldman Sachs have raised their copper price forecasts to $14,700 per metric tonne by year end and $15,400 for next year.

The bank projects a copper deficit outside the United States of nearly 1 million metric tons this year, driven by fierce competition between Chinese fabricators facing acute domestic scrap shortages and United States buyers building protective tariff buffers.

This structural deficit in industrial metals is mirrored by sharp logistical adjustments across global freight routes, where extreme weather is redrawing agricultural trade flows.

That's how you did things.

And they had two big mines in Chile, Tuquicamara and El Teniente, and they just built a big, huge new mine in Iran, Sarchesma.

Inside of two years, those were all three nationalized.

And Anaconda went from being at literally the pinnacle of U.S. mining.

Like nothing that big.

Grasberg, um, Candelaria, El Teniente had already had their, their issues.

Those were known factors, and the price had not hit the levels it has currently hit.

If anything, people adjusted their production rates up because people had underestimated how much DRC would grow last year and underestimated how much the DRC would grow this year.

It reached maximum sustained winds of 115 mph.

In Chile, mining operations at the El Teniente mine have been partially suspended after a landslide killed two workers at the weekend.

Mining company Codelco is one of the largest copper producers in the world.

An investigation into the circumstances of the accident is underway.