Chile Copper Output to Grow Dramatically in Next Decade

Published: Sep 22, 2017 17:03

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Chile’s copper output may jump 20% in the next 10 years.

SHANGHAI, Sept. 22 (SMM) – Chile’s copper output may jump 20% in the next 10 years, growing from last year’s 5.50 million tonnes to 6.60 million tonnes by the year 2028, Chilean Mining Minister Williams said in an interview on Thursday.

WBMS: World Copper Deficit Intensifies Sharply during Jan-Jul

Investment at mines increased 32% this year to $65 billion, boding well for the country’s mining industry.

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Copper price gains are believed to have incentivized ore exploration in the world’s largest copper producing country.

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