A Once-Great Copper Miner Faces a Reckoning Just as AI Power Demand Soars

Chile's state-owned copper mining company Codelco reported $25 billion in debt as of its latest financial disclosure. A fatal accident at one of its operations prompted an investigation, and the company acknowledged production figures that did not match earlier projections. Global copper demand has increased due to expansion in artificial intelligence infrastructure and renewable energy projects, which require significant amounts of the metal.

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