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
Chile’s state-run copper firm Codelco will await feasibility studies about expanding the El Abra mine before evaluating a financing strategy for the joint owned project, Codelco chairman Maximo Pacheco said on Wednesday.
US miner Freeport McMoran, which owns 51% of the mine, plans to invest around $7.5 billion to expand.
(By Fabian Cambero and Daina Beth Solomon)
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