⚙️ Fundición Paipote

Fundición Hernán Videla Lira, better known as Fundicón Paipote, and formerly known as Fundición Nacional Paipote, is a copper smelter plant 8 km southeast of Copiapó in Chile's Atacama Region. It operates with a Teniente Converter smelting technology and produces copper anodes made of 99.6% of copper. The smelter is owned by ENAMI and has been paralyzed since February 2024 for a major overhaul costing a total of 1,700 million USD. At the time of paralyzation the smelter generated economic losses for ENAMI. ENAMI has reached out for investors to finance the overhaul offering offsets paid as cathode copper.