According to Chairman Maximo Pacheco in an annual shareholders meeting, copper output from Codelco rose 22% in April compared to last April, and the estimated output was around 105,000 metric tons. The output of last year climbed from a quarter-century low, and they plan to increase their output once more this year. Pacheco stated that he has been involved in promoting the construction of a new copper smelter in Chile. As an incentive to investors, the company has committed to supplying 1.2 million tons of copper annually under a 20 to 30-year contract.

Codelco previously pointed out the possible US tariffs of President Donald Trump's administration had caused more copper to be delivered to the US. In the annual shareholders meeting, Pacheco also mentioned that access to critical minerals is often tied to geopolitical stability. Despite geopolitical tensions, the demand for copper is still strong in Asia, China, and the US.