logo

FX.co ★ Chile plans to increase copper output by 2028

Chile plans to increase copper output by 2028

Chile plans to increase copper output by 2028

Chile’s Minister of Mining Aurora Williams said that the country’s copper production might reach 6.6 million tons by 2028 if all planned projects worth $65 billion are launched during ten years.


According to her, investments to copper mining have been rising moderately. Interest in this sphere recovered after mining was inactive amid low prices. The minister stressed that higher copper prices will return investments to projects.

See also: Start Forex trading with a European level broker!


Williams expects copper prices to improve in 2017 in comparison with their latest assessment, but she believes the price will remain below $3 per pound.


Chile is the world’s largest copper exporter. In 2016, the country produced 5.5 million tons of the nonferrous metal.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Open trading account