Chile’s ENAMI seeks investors for $1.7 billion smelter, offering copper cathode supply. The Hernan Videla Lira smelter in Atacama undergoing renovations to process 850,000 metric tons of copper concentrate annually, producing 240,000 tons of copper cathodes. Financing options being explored, with Chilean financial adviser Asset involved in investor interest assessment. New business unit Proyecta ENAMI created for smelter development.

Chile, world’s top copper producer, relies on China for processing majority of its concentrate. ENAMI’s move to attract investors for smelter signals country’s commitment to expanding copper production. The $1.7 billion project aims to increase processing capacity and boost copper cathode output, positioning Chile as a key player in the global copper market.

Read more at Yahoo Finance: Chile’s ENAMI opens door to investors for $1.7 billion smelter