Copper and Aluminum: Critical Minerals for the Green Energy Transition
The largest gathering of international copper producers since 2019 is taking place at the World Copper Conference, this week in Santiago Chile. Here, discussions are anticipated to focus on the industry's growing M&A wave amid rising demand and limited supply. BHP Group, Rio Tino, Hudbay Minerals have all acquired companies or mines over the last year and recently, Glencore has offered to buy its rival Teck Resources, and Lundin Mining is buying the Chilean copper mine Caserones. As reported by Reuters . The focus on M&As grows as stakeholders increasingly oppose the building of new mines. The minister of mining for Chile, Marcela Hernando, anticipates a significant increase in copper production over the next several years. Peru anticipates increasing production this year. Much because the metal is a key component in the green energy transition. Copper is a critical mineral for several clean energy technologies. In the figure below we can see ...
