The miner produced 736,000 tonnes of copper between January and June, a 7.5% fall versus the first half of 2021.

Anglo American Plc indicated it needs greater regulatory clarity before proceeding with major investments.

The world is headed for a severe shortage of copper as new mines become increasingly difficult to build, said Duncan Wanblad.

Building new roads to reach mines would allow illegal loggers, land grabbers and ranchers easier access to relatively untouched parts of the forest, study says.

Anglo joined rival miners, including Rio Tinto and Freeport-McMoRan, in reporting lower profits.

Twelve people died in mining accidents in Chile in 2021.

The decrease in US copper demand and conflicts in Peru's Las Bambas mine were among the risks.