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China’s MMG Ltd. is hopeful it can start digging copper from a new pit at its giant Las Bambas project in Peru by the end of this year, bringing some much-needed extra supply to a tightening global market.that have disrupted mining and set back an expansion. That level could be reached in 2025, according to Troy Hey, an executive general manager at MMG.
Copper rocketed to a record this week amid growing fears that global mine supply will fail to keep up with ballooning demand from electric vehicles and renewable energy projects. The potential for shortages make it a good time for copper miners to expand output.
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