Chilean state mining giant Codelco's incoming chief executive Ruben Alvarado has a mammoth task ahead of him: boosting copper output from its lowest level in 25 years, reining in ballooning costs, and spearheading a state push into battery metal lithium. Alvarado, 64, will start as CEO on Sept. 1 after a search to replace the outgoing Andre Sougarret, who abruptly announced in June he would step down, citing personal reasons and "complexities" running the world's largest copper producer. Alvarado, a chemical engineer, joined Codelco as a graduate in 1984, but for the last two decades has been managing firms outside mining, including state-owned Santiago subway operator Metro.
On April 20, Chilean President Gabriel Boric announced the launch of a National Lithium Strategy and the creation of a National Lithium Company. Under the
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