Chile's state-owned Codelco warned that production at its flagship Chuquicamata copper mine will remain at reduced levels for several years following a fatal accident that killed workers. The company, the world's largest copper producer, faces ongoing operational challenges as it grapples with safety concerns and regulatory scrutiny after the incident.

The accident marks Chile's deadliest mining disaster in decades, forcing Codelco to implement stricter safety protocols and operational reviews. Chuquicamata, one of the world's largest open-pit mines, has been a cornerstone of Chile's copper industry for over a century. The production slowdown could impact global copper supplies at a time when demand is rising for electric vehicles and renewable energy infrastructure.

Codelco's struggles highlight the broader challenges facing Chile's mining sector, which accounts for about 10% of the country's GDP. The incident underscores the delicate balance between maintaining production levels and ensuring worker safety in an industry that remains vital to Chile's economy. Analysts suggest the reduced output could contribute to tighter global copper markets and potentially higher prices.