From Yahoo Finance: 2025-04-01 08:48:00

Chile’s Codelco secures $466 million loan from Japan Bank for International Cooperation to supply Japanese manufacturers with copper concentrates. An additional $200 million loan, co-financed with a commercial bank, will help meet demand for copper in electric vehicles, renewable energy, AI, and data centers.

Codelco seeks financing for multi-billion investment plan to revamp key mines amidst declining ore grades. Projects face delays and setbacks due to accidents and operational issues. Copper consumers aim to secure supply amid rising demand from EVs, decarbonization efforts, and potential tariffs from U.S. President Trump.

Read more: Chile’s Codelco agrees on $666 million in loans from Japan’s JBIC, commercial bank