Group 1 - The Chilean Copper Commission (Cochilco) forecasts that mining investment in Chile will reach $104.549 billion from this year until 2034, an increase from last year's estimate of approximately $83 billion by 2033 [1] - This growth represents the highest spending forecast since 2016, which includes significant expansion plans for the Escondida copper mine, the largest copper mine in the world [1] - Chile is the largest copper producer globally and the second-largest lithium producer, with lithium being a key raw material for manufacturing rechargeable batteries [1] Group 2 - China's copper industry faces three major challenges: increasing dependence on foreign upstream resources, excess capacity in the midstream processing sector, and downstream demand being suppressed by high copper prices [1] - To assist the industry in addressing these challenges, Shanghai Nonferrous Metals Network has collaborated with copper industry enterprises to compile the "2026 China Copper Industry Chain Distribution Map" in both Chinese and English [1]
智利上调至2034年矿业投资预测至1045.5亿美元