Lundin Mining Plans to Rank Among Top 10 Global Copper Companies

Published: Jun 20, 2025 23:49

Save

According to SMM, Lundin Mining, a Canadian mining company, has unveiled a strategic growth plan aimed at propelling the company into the top 10 global copper producers. The company stated that it plans to achieve an annual production capacity of 500,000 mt of copper and 550,000 ounces of gold within three to five years. The strategy focuses on the expansion of its core assets in Candelaria and Caserones, Chile, as well as the Caserones project in Brazil. CEO Jack Lundin said that the company is entering an exciting new phase of growth, thanks to a clear path to increase copper production through low-cost project expansions. The company is advancing several low-capital-intensity projects, and it is expected that annual production will increase by 30,000-40,000 mt in the medium term.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

May 30, 2026 22:16

Chile's Copper Output Drops 13.8% in April, Metal Production Also Falls

Chile is the world's largest copper-producing country. Data released on Friday by Chile's National Bureau of Statistics (INE) showed that the country's copper production in April declined 13.8% YoY.According to official data, Chile's copper production in April was 399,954 mt, compared with 464,056 mt in the same period last year. The production decline was mainly attributable to a high base in the same period last year and lower ore grades at major miners.In addition, metal products production fell 15.4% YoY, further dragging down the overall performance of the manufacturing sector.

May 30, 2026 22:16

May 30, 2026 22:15

Codelco's Q1 2026 Profit Triples to $825M Despite 8% Drop in Copper Production

Codelco, one of the world's largest copper producers, released its earnings report on Friday. Benefiting from stronger copper prices, the company's pre-tax profit reached $825 million in Q1 2026, nearly tripling compared to the same period last year when it stood at $213 million. Codelco stated that the company's total copper production from January to March was 272,000 mt, down 8% compared to the same period last year.Codelco reported its Q1 2026 results. Market conditions for copper and various by-products improved during the quarter, but the company's own production declined.From January to March, the company's own copper mine production reached 272,000 mt of concentrates, down 8.1% compared to the same period in 2025.

May 30, 2026 22:15

Commerzbank Forecasts Copper Prices to Reach $14,250 per MT by Mid-2027

Commerzbank expects copper prices to rise to $14,250 per mt by mid-2027.

May 30, 2026 22:15