Capstone’s production for the year comes in at 156.9 million lb copper, surpassing its 2020 guidance.

Company also expects to begin commercial production at its Aripuanã zinc project in Brazil by 2022.

Mining firms in Chile, the world’s No.1 copper producer, warned that costs could rise as labor unions and vendors also try to cash in on the trend.

KGHM sees copper demand rising amid green energy projects - CEO.

High copper prices could give unionized workers leverage ahead of upcoming labor negotiations.

Natalie Scott-Gray, a senior metals analyst at StoneX, forecasts copper demand in 2021 will rise by about 5% year-on-year.

Victims argued that the settlement was signed without their participation and that 20,000 people who were impacted by the disaster were excluded from the deal.

With final funding in place, the company is targeting initial pre-production at Tahuehueto within a year.