Codelco is a different kind of high-energy copper top. State-owned Corporación Nacional del Cobre de Chile (Codelco) is one of the world's top producers of copper (along with Freeport-McMoran Copper & Gold and others), producing 877,000 metric tons of refined copper, 15,900 tons of molybdenum, and 1.2 tons of gold annually. Among the companies Codelco sells to are units of such diverse multinational giants as LG (South Korea), Outokumpu (Finland), Southwire (the US), and Wieland Werke (Germany). It is also a major producer of molybdenum (used for ferroalloys). Codelco's joint development partners on projects include the Canadian gold producer Barrick and the Mexican miner Industrias Peñoles.