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20 Aug
12:03

Antofagasta expects continued growth in copper demand

UK-based, Chile-focused miner Antofagasta indicated on Tuesday it remains confident on the long-terms fundamentals of the copper market. The miner expects copper demand to grow by 2-3% annually by the end of the decade, mostly driven by the energy transition, Kallanish learns.  On the supply side, there are challenges such as grade decline, higher ore hardness, increasing permitting delays, and rising mine construction costs. These “suggest a likely c…
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