Los Andes Copper Ltd.

The clean energy sector currently accounts for 25% of global #copper demand, but that figure is projected to rise to 61% by 2040 as the world grows more reliant on wind turbines, solar energy and electric vehicles (Outlook Business).

Today is Saint Lawrence Day in Chile, known as Miners' Day, a day to honour the patron saint of miners and focus on the important role mining professionals and the #mining industry play in #Chile.   #LosAndesCopper would like to thank our mining team for their continued professionalism, hard work and dedication.

Hybrid and battery electric vehicles use up to four times more copper than traditional ICE vehicles (International Copper Association). Therefore, the phasing out of combustion vehicles in pursuit of net zero is set to become a significant demand driver for #copper.

Chile’s congress recently approved legislation to reduce permitting times for #mining projects by up to 70% without lowering environmental or regulatory standards. The decision is expected to boost foreign #investment and support development stage mining projects like Vizcachitas. Read more here ⤵️ https://lnkd.in/g5NbQYiG

#DidYouKnow that in order to meet global net zero targets by 2050, the world must produce twice as much #copper as it has throughout the entirety of human history. Huge undeveloped resources such as the #Vizcachitas project will be vital in achieving the supply levels required for the green transition.

#Copper's high electrical and thermal conductivity means it plays a crucial role in a variety of data centre components. The significant growth of data centre infrastructure, including copper wiring for power delivery, has placed emphasis on the role of copper in driving technological advancements.

#LosAndesCopper's Vizcachitas project is located in the proven and prolific Central Copper Belt and benefits from pre-existing rail and road infrastructure, connection to multiple major ports, and access to a skilled workforce in nearby communities.

Heat pumps are growing in popularity due to their efficient and eco-friendly nature – they use up to four times less energy than gas boilers and are cheaper to run. 21kg of #copper can be found across the various components of a heat pump – just one of the many ways that the metal is supporting the #green transition (International Copper Association). #LosAndesCopper

A worsening supply squeeze implies that a long bull market beckons for #copper, MoneyWeek reports. Short-term volatility shouldn’t distract from the long term picture; that a supply deficit is inevitable. As the 100% owner of the large, development stage Vizcachitas copper deposit, #LA is well positioned to benefit from a long-term bull market. Check out the full article below ⤵️ https://lnkd.in/eM_H6p2M

As the world transitions to a low-carbon future, #copper plays an essential role in EVs and renewable energy infrastructure, as well as more traditional sectors such as construction. #LosAndesCopper is developing the Vizcachitas project, a world-class Tier 1 asset, to aid in meeting the increasing global demand for copper and appetite for electrification.