Despite the price volatility of the past few years and the company’s growth projects grinding to a halt, London-listed miner Antofagasta chairperson Jean-Paul Luksic says the long-term fundamentals of copper and future demand outlook remain strong.
The miner has suspended its Los Pelambres expansion and other growth projects, in Chile, amid the coronavirus health crisis. Its operations, however, are continuing to produce copper at, or close to, their originally expected levels of production, with about two-thirds of the workforce on site.
“I continue to believe in the future of the copper industry. This means having a long-term approach to planning and a willingness to invest in new projects throughout the commodity cycle . . . ,” says Luksic.