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
Copper production from Chile’s state-run miner Codelco, the world’s largest producer of the metal, dropped 6.1% in April compared to the same month last year to total 95,100 metric tons, data from copper commission Cochilco showed on Friday.
Copper output fell more sharply at theBHP-controlled Escondida mine, with production during the month shrinking 6.8% to settle at 98,000 tons.
At the Collahuasi mine, which is jointly run by miners Glencore and Anglo American, the data showed copper production inched up 1.9% to a reach 42,300 tons.
Overall, the country’s copper output slipped 1.7% from a year earlier to total 405,600 tons, according to Cochilco.
(By Fabian Cambero; Editing by David Alire Garcia)
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