Chile faces copper smelting dilemma
Santiago
THE top copper-producing nation is facing one of its most important decisions in decades: invest billions to overhaul antiquated smelters or close them down and ship more unrefined material to Asia or Europe.
Chile, which supplies a third of the world's copper, has gathered ministers, executives, engineers and economists to devise a national smelting and refining policy that will be presented to President Michelle Bachelet next quarter. Talks begin as state-owned Codelco hunts for more savings in the biggest metal rout in seven years as China demand slows.
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