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.
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.
