Video News/Future Minerals Forum 2025

Is the copper price set to rise, and how will this impact the global economy? Kitco’s Senior Mining Editor and Anchor Paul Harris speaks with Maximo Pacheco, Chair of Codelco, at the Future Minerals Forum in Riyadh. Pacheco highlights Codelco's substantial investment program, focusing on extending the life of existing mines and expanding into lithium through joint ventures. Pacheco emphasizes Codelco's strong financial position, evidenced by a recent successful bond issuance, and its optimistic outlook on copper prices driven by the global shift towards electrification. He mentions Codelco's willingness to explore partnerships with international entities, including potentially the Saudi Arabian government. Pacheco also expresses confidence in Codelco's long-term prospects, underpinned by its significant copper reserves and diverse project portfolio. Special thanks to our sponsor, the Future Minerals Forum (FMF), for making this coverage possible. Visit https://www.futuremineralsforum.com/ to learn more.