Copper production in Chile could grow 28.3% in the next 10 years, supported by the entry of important projects, a government study revealed this week.
The Chilean Copper Commission (Cochilco) explained that the production of the metal, of which Chile is the world’s largest producer, could reach a point record of 7.25 million tons in 2025.
“This productive profile is based on the states of certainty of the registered mining projects, and therefore, considers delays and production problems inherent to a project,” the entity said in a report.
However, he acknowledged that the forecast does not consider factors such as strikes or other delays in the initiatives.
By 2029, current operations would decrease their production by 19.02%, reaching 4.46 million tons of fine copper.
“The productive growth of the country is only possible if all the new initiatives of the investment portfolio are materialized,” said Cochilco.
Among the initiatives that are expected to start in the period are some of the so-called “structural projects” of state-owned Codelco, the world’s largest producer of metal, to maintain its production levels and the expansion of Quebrada Blanca de Teck Resources.