Argentina's Copper Surge: Major Investments after New Incentive Regime

Argentina is witnessing a surge in copper mining investments following the introduction of the new RIGI regime, which offers significant tax breaks and other incentives. Major corporations like BHP and Lundin Mining are now investing billions. Despite economic challenges, several projects are in development, setting up Argentina as a significant copper producer in the near future.

Argentina's mining sector is experiencing a renewed wave of investment, thanks to the country's new mining incentive regime, RIGI, introduced by President Javier Milei.

BHP's recent $3.25 billion collaboration with Lundin Mining to develop copper mines along the Andes marks a significant return after two decades, signaling strong confidence in Argentina's mining potential.

Despite Argentina's volatile economic conditions, the government is optimistic that the new incentives will attract essential foreign investments, enabling the country to significantly ramp up its copper production by the end of the decade.

(With inputs from agencies.)