Chilean Police Dismantle $917 Million Copper Smuggling Ring
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STIX ID: report--1ad01a96-6766-5b91-8678-a2ef5d7f720b
Chilean authorities dismantled a major criminal syndicate accused of stealing and illegally exporting $917 million worth of copper to Asia from 2020–2025. During Operation "High Voltage," police raided over 50 locations, arrested 28 people, and seized 187 tons of stolen copper along with properties, vehicles, and firearms, highlighting physical supply-chain vulnerabilities in the country’s dominant copper industry.
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