Chile’s state-run copper producer Codelco and Swiss commodities trader and miner Glencore have entered into a memorandum of understanding (MoU) to develop a copper smelter project in the Antofagasta region of Chile. The partnership aims to enhance local copper processing capacity, with Codelco supplying copper concentrate and Glencore leading the development of a new smelter. The agreement stipulates that Codelco will provide up to 800,000 tonnes per annum (tpa) of copper concentrate to Glencore for at l ...