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The Mining Insider

The Mining Insider

LME Metals Hit All-Time High, Codelco Eyes 2027 Production Crown, and Chile's Most Audacious Copper Deal Gets Its Permitting Blueprint (2026-04-18)

The Mining Insider · Apr 18, 2026 · 8:57

0:008:57

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The London Metal Exchange's six-metal index closed at an all-time high on April 17th, driven by a deepening aluminum supply crisis from Gulf smelter damage and Strait of Hormuz disruption. Chile's Codelco has set an internal 2027 copper target of 1.5 million tonnes to reclaim the world's top producer title from BHP. And Codelco and Anglo American revealed a legally unprecedented dual-track environmental filing strategy for their shared Andina-Los Bronces copper pit, targeting 120,000 additional tonnes per year from 2030 to 2051.

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STORIES IN THIS EPISODE:
• LME base metals index hits all-time high on aluminum supply crisis from Middle East war
• Codelco targets 1.5 million tonnes copper in 2027 to reclaim world top producer title
• Codelco and Anglo American pursue unprecedented dual-track environmental approvals for shared Andina-Los Bronces copper pit

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COMMODITIES COVERED: aluminum, copper, gold, iron ore

KEYWORDS: LME aluminum record, Gulf aluminum supply crisis, Codelco 2027 copper guidance, Andina Los Bronces copper pit, Anglo American Chile, copper permitting Chile, Emirates Global Aluminium force majeure, base metals index record, Strait of Hormuz metals, copper supply outlook 2027

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SOURCES:
• Bloomberg News: https://www.bloomberg.com/news/articles/2026-04-17/london-metals-index-at-record-high-on-aluminum-black-hole-fear
• Yahoo Finance / Bloomberg: https://finance.yahoo.com/markets/commodities/articles/london-metals-index-record-high-094113277.html
• Investing.com: https://www.investing.com/analysis/aluminum-at-a-4year-high-as-hormuz-disruption-reprices-the-supply-chain-200678325
• Mining Reporters: https://www.miningreporters.com/noticia/news/2026/04/codelco-targets-higher-2027-output-reclaim-top-copper-producer
• Mining.com: https://www.mining.com/web/codelco-targets-higher-2027-output-to-reclaim-top-copper-spot/
• Reuters / Energy News: https://energynews.oedigital.com/mineral-resources/2026/04/16/codelco-and-anglo-seek-two-environmental-approvals-for-a-shared-chile-copper-mine

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The Mining Insider is produced daily. Follow Logan Ore on Spotify, Apple Podcasts, and all major platforms.

Episodes: The Mining Insider

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