Japan is lending $666 million to Chile’s Codelco for copper supply: here’s why

From invezz.com

Chile’s state-owned copper giant Codelco has secured a major financial deal, reinforcing its position as the world’s largest copper producer. The company has received a $466 million loan from the Japan Bank for International Cooperation (JBIC), along with an additional $200 million co-financed by a commercial bank, according to a Reuters report. The funding aims to ensure a stable supply of copper concentrates for Japanese manufacturers, who rely entirely on imports for their base metal needs. Copper is a critical raw material in modern industries, particularly in electric vehicles (EVs), renewable energy, ... (full story)