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Copper Majors Are Taking Another Look at Argentina, McEwen Says

  • Resource nationalism elsewhere makes Argentina more attractive
  • Ever the gold bull, McEwen sees scope for 100% gain in bullion
Rob McEwen

Rob McEwen

Photographer: Victor J. Blue/Bloomberg

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Vast deposits and more welcoming policies have turned Argentina into a lithium hot-spot in recent years. Now the global copper industry is taking another look at the South American nation. 

That’s the view of Rob McEwen, whose namesake company is drilling a property in San Juan province near the border with Chile. Called Los Azules, it’s attracted the attention of large producers such as Vale SA, Anglo American Plc and Barrick Gold Corp. as a potential acquisition, he said. All three companies declined to comment.