Chile is facing increasing difficulties in keeping up with ever-growing energy demand from major copper producers. Some mining groups may be pushed to secure their own energy needs as Chile remains one of the most lucrative site for copper producers.
Copper industry think-tank CESCO reported that global copper prices will trade between $1.50 and $1.80 per pound in 2009, underpinned by buying from top consumer China as it seeks to bolster domestic industrial growth. CESCO executive director Juan Carlos Guajardo, said: We are watching to see if China manages to reorient its export economy toward [...]
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