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    Home > Finance > Antofagasta's copper output up 11% in first half
    Finance

    Antofagasta's copper output up 11% in first half

    Published by Global Banking & Finance Review®

    Posted on July 16, 2025

    2 min read

    Last updated: January 22, 2026

    Antofagasta's copper output up 11% in first half - Finance news and analysis from Global Banking & Finance Review
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    Quick Summary

    Antofagasta's copper production rose 11% in H1 2025, with net cash costs down 32%. The company maintains its full-year guidance amid rising demand.

    Antofagasta Reports 11% Increase in Copper Production for H1 2025

    LONDON (Reuters) -Chilean miner Antofagasta said on Wednesday its copper production rose 11% to 314,900 metric tons in the first half of 2025, on higher production from its two concentrators.

    The London-listed company left guidance for full-year copper output unchanged between 660,000 and 700,000 tons. In 2024, it produced 664,000 tons of copper.

    It said net cash costs stood at $1.32 per pound in the first half of the year, 32% lower than the same period of 2024, mostly on higher production.

    The company left capital expenditure guidance for the year unchanged at $3.9 billion in 2025, up from $2.7 billion in 2024, as works on its Centinela concentrator peak.

    Antofagasta operates four copper mines in Chile, and seeks to develop the Twin Metals copper and nickel mine in Minnesota, which was stalled after President Joe Biden's administration blocked permits over environmental concerns.

    CEO Ivan Arriagada on July 10 said he saw "an opportunity" to advance Twin Metals, following President Donald Trump's move to impose a 50% import tariff on copper, reviving hopes for greater support of domestic mining projects.

    Copper, a metal with high electrical and thermal conductivity, is essential in the power and construction sectors. Demand for it is expected to increase over time, driven by the expansion of the electric vehicle market and emerging applications, including AI-powered data centres.

    Chile is the world's biggest copper producer.

    (Reporting by Clara DeninaEditing by Tomasz Janowski)

    Key Takeaways

    • •Antofagasta's copper output increased by 11% in H1 2025.
    • •The company maintains its full-year copper production guidance.
    • •Net cash costs dropped by 32% compared to the previous year.
    • •Capital expenditure guidance remains at $3.9 billion for 2025.
    • •Twin Metals project faces environmental permitting challenges.

    Frequently Asked Questions about Antofagasta's copper output up 11% in first half

    1What was Antofagasta's copper production in the first half of 2025?

    Antofagasta reported a copper production increase of 11% to 314,900 metric tons in the first half of 2025.

    2What are the net cash costs for Antofagasta's copper production?

    The net cash costs stood at $1.32 per pound in the first half of the year, which is 32% lower than the same period in 2024.

    3What is Antofagasta's guidance for full-year copper output?

    The company left its guidance for full-year copper output unchanged, estimating between 660,000 and 700,000 tons.

    4What are the capital expenditure plans for Antofagasta in 2025?

    Antofagasta's capital expenditure guidance for 2025 remains unchanged at $3.9 billion, an increase from $2.7 billion in 2024.

    5What geopolitical factors are affecting Antofagasta's operations?

    The development of the Twin Metals copper and nickel mine in Minnesota has been stalled due to permit blocks by the Biden administration, although CEO Ivan Arriagada sees an opportunity to advance it.

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