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
Anglo American said on Wednesday that it is evaluating alternative copper shipment plans after a fire forced a major port in central Chile to close last week.
The fire in the Ventanas port, about 115 kilometers (71.5 miles) northwest of Santiago, left a huge cloud of smoke in the area, but did not spread to nearby facilities, including AES, an electricity company, or Codelco, the world’s largest copper producer.
In a statement to Reuters, Anglo American said the fire did not affect its warehouses or infrastructure but that “authorities have completely closed the port” while the incident is investigated.
“The company is evaluating courses of action and at the same time contacting its clients to keep them informed of the status of the situation,” the statement said.
The company did not specify the copper volumes that could be affected. Chile is the world’s top copper producer.
Codelco, previously said its operations had not been impacted after the fire, but did not immediately respond to requests for comment on its actions regarding the port closure.
(By Fabian Andrés Cambero; Editing by Barbara Lewis)
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