The world is being electrified — and that means it needs more copper. Whether it is homes being wired up in developing markets, subsea links being built to trade renewable power across Europe, or the much-vaunted electric vehicle revolution (each car requiring four times as much copper as a conventional one), it all points to a long-term need for more of the metal (Emily Gosden writes).
Step forward Antofagasta. The company, which listed in London in 1888 to build a railway from Chile to Bolivia, now operates four copper mines in Chile with about 6,200 staff and 15,000 contractors.
It is the only “pure-play” copper producer in the FTSE 100 (though its mines also produce gold, silver and molybdenum as by-products, and it retains