Chile Expects to Increase Copper Output to 8.50 Mln tonne-Shanghai Metals Market

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Chile Expects to Increase Copper Output to 8.50 Mln tonne

Industry News 01:20:58PM Oct 10, 2016 Source:SMM

SHANGHAI, Oct. 10 (SMM) - Chile plans to increase its copper output to 8.50 million tonnes in the near future, according to cnmn.com.

Chile is expected to raise copper output to 8.50 million tonnes in the next five years, and about 33% of global large mining projects will be executed in Chile, Chile Foreign Investment Committee’s deputy director said at a seminar.

There will be 250 transnational suppliers in the mining field. Mining companies plan to invest $50 billion by the year 2023.

United States Geological Survey (USGS) data show Chile has over 200 million tonnes of proven copper reserves by 2015, accounting for 1/3 of global total.

Chile’s copper output was 5.81 million tonnes in 2015, which represents 25% of global total. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Key Words:  Chile   copper output  copper reserves 

Chile Expects to Increase Copper Output to 8.50 Mln tonne

Industry News 01:20:58PM Oct 10, 2016 Source:SMM

SHANGHAI, Oct. 10 (SMM) - Chile plans to increase its copper output to 8.50 million tonnes in the near future, according to cnmn.com.

Chile is expected to raise copper output to 8.50 million tonnes in the next five years, and about 33% of global large mining projects will be executed in Chile, Chile Foreign Investment Committee’s deputy director said at a seminar.

There will be 250 transnational suppliers in the mining field. Mining companies plan to invest $50 billion by the year 2023.

United States Geological Survey (USGS) data show Chile has over 200 million tonnes of proven copper reserves by 2015, accounting for 1/3 of global total.

Chile’s copper output was 5.81 million tonnes in 2015, which represents 25% of global total. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn. 

Key Words:  Chile   copper output  copper reserves