"Copper Prices Soar as Aging Mines Struggle to Meet Steady Demand"

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Source: Bloomberg
"Copper Prices Soar as Aging Mines Struggle to Meet Steady Demand"
Photo: Bloomberg
TL;DR Summary

Despite rising global copper prices and increasing demand driven by the energy transition, Chile's copper industry is facing challenges in boosting output due to difficulties in finding and developing new deposits, heightened social and environmental scrutiny, long waits for permits, and increased project costs, making the mines less profitable.

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