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State-owned copper giant Codelco has created two subsidiaries to further its expansion into lithium, a metal Chile has identified as essential not only for the global energy transition but for its own future development
The initial investigation points towards “overexploitation” in the Gaby 4 cave, Chile's mining minister said. Shares dropped on the news.
Three potentially significant discoveries over the past week have returned copper to the radar screens of investors, with the bonus being that demand for the metal appears to be outstripping supply, which can only mean a higher future price.