The world's largest producer of copper has had a flat production rate for 20 years. Having spent some time with Phelps Dodge, Kennecott and other copper producers in the U.S., I can tell you that ramping up production is no easy task and would take years, if not decades, to accomplish even a modest increase in output.
The world's largest producer of copper has had a flat production rate for 20 years. Having spent some time with Phelps Dodge, Kennecott and other copper producers in the U.S., I can tell you that ramping up production is no easy task and would take years, if not decades, to accomplish even a modest increase in output.
Long-term mining operations are not based on short-term price gyrations or rosy projections.
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What about other producers? Can they increase copper production?