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Copper fever: electric car era attracts US$95 billion in projects in Latin America

By Juliana Estigarríbia

A fundamental metal in the infrastructure sector, copper is gaining a new status with the accelerated growth of electric car sales worldwide.

In addition to mining companies, the auto industry raises the stakes for copper projects in Latin America to secure raw material supplies for electrified vehicles.

And despite the expansion movement toward the mining sector, investments may be insufficient to meet the demand that lies ahead.

From 2023 to 2029, estimated investments in 68 copper projects in the region total US$95.4 billion, according to a survey by KPMG at the request of Bloomberg . . .

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