AGP Executive Report
Last update: 8 hours agoCopper Output: BHP’s Chile-affected copper production fell 19% in the September quarter, but the miner kept its full-year guidance; Anglo American also reported a 5% decline after record snowfall and held its 2026 forecast steady. Supply Outlook: Copper mines need an estimated $332 billion in new investment to avoid a projected 20-million-tonne shortfall by 2050, with the market expected to slip into deficit by 2028. Mining Technology: Codelco and Normet are advancing autonomous underground mining technology, aiming to boost efficiency and safety. Labor: Antofagasta’s Centinela mine strike ended after the company reached a deal with unions. Exports: Chile’s cherry season has begun, with the first shipments arriving in China.
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