Copper king vows to resist rushing projects as prices surge
What’s more, Codelco Chairman Oscar Landerretche says a series of natural obstacles facing the industry will also prevent other miners from piling in.
“It’s going to be very difficult for the industry to respond even if it wanted to,” Landerretche said Tuesday in an interview at the BMO Capital Markets mining conference in Florida. “It’s becoming very, very hard to do new projects.”
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