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Chile state miner Codelco sees profits soar on rising copper price

SANTIAGO, April 30 (Reuters) - World top copper producer Codelco saw profits soar to $1.63 billion in the first quarter of 2021, the company said on Friday, boosted by a dramatic spike in the global price of the red metal.

Codelco reported it had produced 386,000 tonnes at its own mines between January and March, up 7% versus the previous year.

The state miner reported production costs had fallen 0.2% to $1.324 per pound of copper. (Reporting by Fabian Cambero, writing by Dave Sherwood)

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