Chile’s Copper Production and Investments Projected to Rise by 2025

Copper production in Chile, the world’s largest copper producer, is forecasted to reach between 5.4 and 5.6 million tons in 2025, according to the National Mining Association (Sonami). This projection reflects continued optimism about the sector’s stability and growth.

Chilean mining companies anticipate copper prices to range between $4.20 and $4.50 per pound next year, aligning closely with Chile’s central bank’s September forecast of an average price of $4.25 per pound in 2025. While slightly below its previous estimate of $4.30, the projection underscores steady demand and favorable market conditions for the red metal.

Chile is also planning significant investments to bolster its mining industry. A study by the state-run agency Cochilco estimates that the country will invest approximately $83.18 billion in mining projects from 2024 through 2033. This marks a 27% increase from the previous year’s estimate, signaling strong commitment to sustaining and expanding its mining operations.