The resurgence of resource nationalism—particularly in countries experiencing political upheaval, poses a major risk to the ambitions of foreign mining companies and the battery revolution.
Miners in Santander and Norte de Santander are protesting the government’s plan to declare an area near the Andean wetland as a temporary natural reserve.
As the world races to build more clean energy products, many of the key companies that control vast quantities of critical minerals are family-owned, and the Lundin boys are part of a new generation taking the reins.
Analysts had high hopes for the industry, with gold among the best-performing commodities this year, surging more than 30% on the outlook for lower interest rates and geopolitical turmoil.