Codelco, Chile’s state-owned copper producer, has seen a significant drop in production despite massive investment over the past eight years. According to Chairman Eduardo Fontaine, the company invested $32 billion but output decreased from 1.7 million to 1.3 million tons. This claim has been verified as accurate by the fact-checking organization Fast Check, supported by official reports and company statements. The data confirms the decline in copper production despite substantial financial input. This raises concerns about the efficiency of investments and future production capacity. Codelco’s struggles are particularly noteworthy given the global demand for copper, a key material for green energy technologies. The company has acknowledged the reported figures, adding credibility to the assessment.