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rdf:type	schema:NewsArticle
schema:articleBody	Chile's state-owned Codelco, the world's largest copper-producing company, on Friday reported profits of $1.6 billion for the first quarter of 2021 -- its best performance in a decade due to higher production and better prices. In 2020 as a whole, the company reported profits of more than $2 billion, 55 percent higher than the previous year despite the coronavirus pandemic. As a state-owned company, Codelco hands all its revenue over to the treasury. Codelco, which produces eight percent of the world's copper, said the improved numbers were the result of higher production and sales, and better prices for the metal, among other things. On Thursday, the price of copper exceeded $10,000 for the first time since February 2011 thanks to strong demand in China and a weak dollar. Between January and March, production reached 386,000 tons of fine copper, 25,000 tons more than in the same period last year. The cost of production, which continued despite the pandemic, dropped 0.2 percent. The outbreak did, however, impact on structural expansion projects, which has been "slower due to health measures" to prevent infections. pa/apg/gm/mlr/ft
schema:headline	Chile's state copper company reports higher Q1 profit
schema:mentions	Copper Metal United States dollar Chile Pandemic China Severe acute respiratory syndrome coronavirus 2 Codelco
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-04-30 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	69 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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