Codelco scales back slowly exposure to Chinese copper market

Codelco, the world's top copper producer, said it is slowly scaling back its exposure to top consumer China as Beijing becomes more self-sufficient in meeting its copper needs through local production. Codelco currently sells about 30 percent of its refined copper cathode to China, versus about 32 percent this time last year, Rodrigo Toro, Codelco's corporate sales vice president, told ...