Soaring demand for copper will help drive mergers, BHP CEO says
Demand for copper, a key element in the energy transition, is set to rise by 70% to 100% by 2050, Mike Henry said
Southern Copper, one of the world’s largest producers of the metal, has postponed its $1 billion Tia Maria mining project in Peru because of social conflicts, Chief Executive Oscar Gonzalez said on Tuesday.
The company (SCCO.N: Quote) will revise the project’s viability later this month and consider alternative sites in Argentina and Ecuador in the meantime, Gonzalez told local television.
