Global mining heavyweights including Lundin Mining, Glencore and First Quantum Minerals are piling into Argentina as a new government intent on luring foreign investment propels the companies closer than ever to opening up vast copper deposits in the red-hued Andes.
It’s part of a colossal wave of spending needed worldwide to prevent a supply crunch for the metal, a critical component of the electrification push to slow climate change.
Argentina has big ambitions for the untapped copper riches in its Andean north. It wants to be a top 10 global producer and has attracted investors such as Glencore, Lundin Mining and First.
Analysis-How Can Milei Unlock Argentina s Copper Riches? Fix the Economy usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
Wednesday was the day for stocks in Canada to sift off some the gains made in this short week following Victoria Day, with resource interest weighing indexes.
The TSX stumbled 121.4 points to close Wednesday at 22,346.76.
The Canadian dollar .