Commodities
Copper Frenzy Draws Mining Giants to Argentina After Milei’s Reforms
- A global supply shortage has mining companies eyeing Argentina
- But environmental risks abound in the remote Andes mountains
This article is for subscribers only.
Global mining heavyweights including Lundin Mining Corp., Glencore Plc and First Quantum Minerals Ltd. are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes.
It’s part of a colossal wave of spending needed worldwide to prevent a supply crunch for the metal, a critical component of the electrification push to slow climate change.