Copper in high demand over the next few years

BHP Billiton operates the world’s largest copper mine in Chile. Copper production in Chile fell to a 20-year low. However, the expected high demand for copper seems to have had an impact since 2024. There is more investment in existing mines again, for example by BHP Billiton, as well as new production-enhancing technologies. This is because ore grades are falling, and copper is in high demand

As copper is indispensable for the transition away from fossil fuels, some mining companies are focusing on the raw material, such as Mogotes Metals – https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ – with projects in Argentina and Chile. The Filo Sur copper project in the Vicuña district (Argentina) is particularly noteworthy. The company has just added important exploration areas there.

In Saskatchewan, Foran Mining – https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ – owns nine properties containing copper, zinc, gold and silver. At the McIlvenna Bay deposit, 100% owned by the company, the winter drilling program is underway and is expected to cover over 30,000 meters. Drilling results from 2024 have already been very encouraging.

Current company information and press releases from Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -) and Mogotes Metals (- https://www.resource-capital.ch/en/companies/mogotes-metals-inc/ -).

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