Chilean authorities shut down a criminal network smuggling $917 million worth of copper to China, following Operation High Voltage. This multi-agency effort dismantled a sophisticated operation involving hundreds of trucks and specialized equipment. The theft targeted state-owned Codelco facilities, exploiting lax security protocols to divert high-grade copper concentrates.

Authorities estimate losses to Chile's treasury exceed $1.2 billion annually due to similar schemes. China remains the primary destination for illicit Chilean copper, accounting for over 70% of global copper theft exports. This operation highlights systemic vulnerabilities in mining security and international supply chain monitoring.