Chile Gives Struggling Copper Giant Codelco a $2.4 Billion Boost

Chile will allow state-owned Codelco to keep all of its 2025 profits, leaving about $2.42 billion at the copper giant as it works to revive production and manage a record debt load. The decision, according to the report, is the first time in Codelco’s more than 50-year history that the state has let it retain all 2025 profit. The funding effectively provides a large liquidity boost without immediately requiring a transfer of those earnings back to the government. The move is aimed at helping Codelco stabilize operations and address its financial pressure as it looks to restart output.