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 Codelco was working to secure deliveries to clients after a cargo train carrying a copper load was involved in a crash with a passenger train on the outskirts of Santiago, the state-run copper miner said in a statement to Reuters on Friday.
A passenger train on a test run by Chile’s state rail operator collided with a private cargo train carrying about 1,346 metric tons of copper shortly after midnight on Thursday, killing two of the cargo train’s operators.
Initial findings indicated that the passenger train was conducting speed maneuvers when it collided with the cargo train, according to local prosecutors. The passenger train was not informed of another train approaching, they said.
(By Natalia Ramos; Editing by Sarah Morland and Leslie Adler)
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