Chilean State miner Codelco has agreed to sell France’s Nexans, China’s Minmetals and US-based Southwire 50 000 t to 100 000 t of copper each from 2019 to 2021 in rolling deals known as "evergreens", sources close to the matter said.
The contracts – which roll annually, meaning that from 2020 they would be extended for three years until the end of 2022 and so on, if both parties agree – mark a change in tactics at Codelco, which typically sells copper through annual deals.