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Global copper shortage to persist until 2025
Issued at 2024-09-13
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Global copper shortage to persist until 2025, Chile's Codelco strengthens market position amid
industry challenges.
According to the latest research report of the Chilean Copper Commission (Cochilco), the global copper shortage in mines will continue until 2025. This forecast undoubtedly brings unprecedented challenges to the global copper market. At the same time, Chile's state-owned mining giant Codelco announced an important acquisition to further consolidate its leading position in the global copper market.
As the world's largest copper producer, Chile's copper concentrate production is expected to continue to rise as a proportion of its total domestic production. Faced with the challenges of supply shortages and processing fee pressures, Chile's copper industry needs to continue to innovate and improve efficiency to ensure its competitiveness in the global market.
As the world's largest copper producer, Chile's copper concentrate production is expected to continue to rise as a proportion of its total domestic production. Faced with the challenges of supply shortages and processing fee pressures, Chile's copper industry needs to continue to innovate and improve efficiency to ensure its competitiveness in the global market.
Source: yieh.com
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