Reported 5 months ago
Global mining giants such as Lundin Mining Corp., Glencore Plc, and First Quantum Minerals Ltd. are increasingly investing in Argentina following reforms introduced by President Javier Milei to attract foreign investment. With a push to develop copper deposits in the Andes, Argentina could potentially become a major copper supplier by 2035, generating significant annual exports and revenue. Milei's pro-business policies, aimed at stimulating economic growth, particularly benefit sectors like mining, which have the potential to drive Argentina's economy. Despite challenges related to environmental and social concerns, the surge in copper prices and a more favorable business climate are making it feasible for mining companies to tap into Argentina's mineral wealth.
Source: YAHOO