{"id":3875,"date":"2023-12-08T07:40:22","date_gmt":"2023-12-08T06:40:22","guid":{"rendered":"https:\/\/a2kadvisory.com\/?p=3875"},"modified":"2024-01-16T10:47:48","modified_gmt":"2024-01-16T09:47:48","slug":"chile-targets-million-tonne-copper-boost-in-tightening-market","status":"publish","type":"post","link":"https:\/\/a2kadvisory.com\/fr\/2023\/12\/08\/chile-targets-million-tonne-copper-boost-in-tightening-market\/","title":{"rendered":"Chile targets million-tonne copper boost in tightening market"},"content":{"rendered":"
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
\n\t\t\t<\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t
\n\t\t\t<\/i>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

BHP\u2019s Escondida copper mine in Chile. (Image: Wikimedia Commons)<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t
\n\t\t\t\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Chile is targeting an acceleration of its nascent copper-production recovery over the coming years in what would help fill a predicted supply gap as the energy transition spurs demand for the wiring metal.<\/p>

The government of President Gabriel Boric has set a goal of raising Chile\u2019s production by 1.04 million metric tons by 2026, according to a slide in a presentation delivered by Finance Minister Mario Marcel on Wednesday.<\/p>

While the starting point of the increase wasn\u2019t clear, it represents a 20% jump from last year\u2019s levels and would be the equivalent of adding another Escondida, the world\u2019s biggest copper mine run by BHP Group.<\/p>

Declining ore quality, water restrictions and pandemic-related disruptions have seen Chilean output decline in recent years. That has helped offset a slowdown in demand amid inflation-fighting measures. But demand is set to accelerate in the coming years along with the growth of clean energy technologies when it\u2019s getting trickier and pricier to build mines.<\/p>

Chilean copper commission Cochilco estimates national production will rise 1% to 5.4 million tons this year and increase 4.3% next year to 5.6 million tons. The agency has identified a project pipeline for 2022-2031 of almost $74 billion, with Codelco, Anglo American Plc, Antofagasta Plc and BHP among those set to spend. BloombergNEF said in an October report that Chile could add about 1.5 million tons to its annual production by 2028.<\/p>

\u201cA million-ton increase sounds feasible, but 2026 seems a bit early,\u201d BNEF metals and mining analyst Sung Choi said.<\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

Source : (James Attwood), mining.com<\/em><\/a><\/p><\/div><\/div><\/div><\/div><\/div>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Chile is targeting an acceleration of its nascent copper-production recovery over the coming years in what would help fill a predicted supply gap as the energy transition spurs demand for the wiring metal.<\/p>","protected":false},"author":1,"featured_media":3881,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"sync_status":"none","episode_type":"audio","audio_file":"","castos_file_data":"","podmotor_file_id":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","filesize_raw":"","date_recorded":"","explicit":"","block":"","itunes_episode_number":"","itunes_title":"","itunes_season_number":"","itunes_episode_type":"","footnotes":""},"categories":[40,39],"tags":[179,181,88,25,180],"series":[],"class_list":["post-3875","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","category-mining","tag-chile","tag-cooper","tag-market","tag-mining","tag-tonne"],"episode_featured_image":"https:\/\/a2kadvisory.com\/wp-content\/uploads\/2023\/12\/Decembre-2023.jpg","episode_player_image":"https:\/\/a2kadvisory.com\/wp-content\/uploads\/2023\/05\/19539922-1637334246902-6294ae5e06f42-3-scaled.jpg","download_link":"","player_link":"","audio_player":false,"episode_data":{"playerMode":"dark","subscribeUrls":{"amazon":{"key":"amazon","url":"","label":"Amazon","class":"amazon","icon":"amazon.png"},"anchor":{"key":"anchor","url":"https:\/\/anchor.fm\/a2k-advisory","label":"Anchor","class":"anchor","icon":"anchor.png"},"apple_podcasts":{"key":"apple_podcasts","url":"https:\/\/podcasts.apple.com\/us\/podcast\/the-right-advice\/id1596929049","label":"Apple Podcasts","class":"apple_podcasts","icon":"apple-podcasts.png"},"castro":{"key":"castro","url":"","label":"Castro","class":"castro","icon":"castro.png"},"deezer":{"key":"deezer","url":"","label":"Deezer","class":"deezer","icon":"deezer.png"},"soundcloud":{"key":"soundcloud","url":"","label":"SoundCloud","class":"soundcloud","icon":"soundcloud.png"},"spotify":{"key":"spotify","url":"https:\/\/open.spotify.com\/show\/1r3FwW7RFRGxZIoZOrQp70","label":"Spotify","class":"spotify","icon":"spotify.png"},"stitcher":{"key":"stitcher","url":"","label":"Stitcher","class":"stitcher","icon":"stitcher.png"},"youtube":{"key":"youtube","url":"https:\/\/youtube.com\/channel\/UCI4m4z0GcFZDCVk34Gbxoag","label":"YouTube","class":"youtube","icon":"youtube.png"},"itunes":{"key":"itunes","url":"","label":"iTunes","class":"itunes","icon":"itunes.png"}},"rssFeedUrl":"https:\/\/a2kadvisory.com\/fr\/feed\/podcast\/the-right-advice","embedCode":"

Chile targets million-tonne copper boost in tightening market<\/a><\/blockquote>