IMCX with potential to fill Chile's copper production slump With the world's biggest copper mine, BHP's Escondida, experiencing a production and output slump, the need for alternative sources of copper is clear as supply is failing to increase alongside accelerating demand. Additionally, both Codelco and Collahuasi, experienced a fall in production on a year-on-year basis.
However, as the market has yet to realize the significance of copper and how it is essential to decarbonization efforts, there is a notable opportunity to capitalize here.
Among the companies that are beneficially positioned in the Chilean Copper industry is Interra Copper (IMCX.c IMIMF), an early stage investment opportunity in the copper space, having recently initiated a drill program at its flagship Tres Marias Copper Project in Chile.
Located on the Chilean Copper Belt which accounts for 28% of the world's copper production per year, the 16,000 hectares project is in close proximity to several of the worlds largest mines including BHP Billiton (BHP), Antofagasta Minerals (ANTO), Glencore (GLEN) as well as Freeport-McMoRan (FCX).
Posted on behalf of Interra Copper Corp