Use by auto makers would rise and investors would flip from net sellers to net buyers, pushing demand in 2023 up 19% to 7.77 million ounces, the Council said.
Funding will enable Trafigura to complete Congo miner Chemaf's new mechanized mine at Mutoshi, processing plant in Kolwezi, and the expansion of its Etoile mine.
Ecuador's Constitutional Court in September ruled the environmental permit granted in 2011 for the major San Carlos Panantza copper project required a consultation with the Shuar Arutam community.