The state-owned miner mentioned its pre-tax revenue from January to June totaled $653 million, in opposition to a lack of $316 million in the identical interval final yr.
Codelco has mentioned this yr’s output ought to high the 1.325 million tons produced final yr, forecasting a spread of as much as 1.390 million tons because it expects output to choose up once more within the second half of the yr.
Analysts, nonetheless, say Codelco will wrestle to succeed in that focus on within the coming months.
“We need to regain the power to fulfill our targets in a well timed and environment friendly method, and these good monetary outcomes encourage us to maintain up the trouble,” chief govt Ruben Alvarado mentioned in an announcement.
“We’re working to make sure that, beginning this second half of the yr, manufacturing will start its long-term progress fee,” he mentioned.
Codelco goals to progressively attain an output of 1.7 million tons by 2030.
The corporate can be spearheading a rise in state management over the nation’s lithium trade, and in Might finalized a cope with SQM, the world’s second-largest producer, in a tie-up that ought to grant SQM the power to extract lithium within the prized Atacama salt flat via 2060.
(By Fabian Cambero, Natalia Siniawski and Sarah Morland; Modifying by Daina Beth Solomon and Kirsten Donovan)