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BHP Set to Dethrone Codelco as World’s Biggest Copper Producer

(Bloomberg) -- The copper industry is about to get a new leader as BHP Group overtakes Codelco in the global producer rankings, according to Bloomberg Intelligence estimates.

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As long as BHP’s giant Escondida mine in Chile continues to step up production, the Australian company will nudge past Codelco this year, disrupting the Chilean state-owned behemoth’s reign as No. 1, said Bloomberg Intelligence analyst Grant Sporre.

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Still, Codelco may recover the top spot in the years ahead as it battles to recover from delays and missteps at its projects.

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