A report published on the specialized portal Sustainable Mining suggests that good times are ahead for copper in Argentina, highlighting its potential as a minimally exploited metal in the country. While lithium is gaining momentum and gold is seeking new mines to offset the decline in operations at existing deposits, copper is shaping up to be an emerging star in the national industry.
The report, led by Francisco Acuña and Camila L'Huillier, is based on the portfolio of potential copper projects by CRU in Argentina, which includes El Pachón, Los Azules, Josemaría, Taca Taca, and MARA. These projects are estimated to begin operations in the next decade and have a positive impact on the Argentine economy, generating an average of about $4 billion annually between 2031 and 2040, according to CRU's Host Country Cash Flow (HCCF) methodology.
The consulting firm CRU analyzed the impact that the startup of five copper projects in Argentina will have on the country's economy, projecting their start for the end of the decade. According to the report, El Pachón, Los Azules, Josemaría, Taca Taca, and MARA could accumulate an impact of around $47 billion by the year 2040.
Despite being an industry still in development, mining in Argentina has been working for some time to boost its growth and turn it into a real opportunity for expansion in the country.
