Copper producers issue fresh warnings about price volatility

Chile’s Antofagasta says there is a ‘disconnect’ between government policies and growing demand for red metal
Workers washing copper cathodes at a plant in the El Abra copper mine in Chile

Copper producers have issued fresh warnings about price volatility for the red metal — vital for the clean energy transition — as the industry meets for its most important annual gathering, the London Metal Exchange week.

Iván Arriagada, chief executive of Chilean copper producer Antofagasta, said there was a “disconnect” between government policies that are not issuing permits for new mines quickly enough, and demand for the metal.

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