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Panama

Copper Prices Surging As First Quantum's $10B Mine in Panama Sits Idle

First Quantum's mine was shut down because the company couldn't reach a new tax deal with the Panamanian government.

By: Business Insider
  • Apr 19 2024
  • 56
  • 4011 Views
Copper Prices Surging As First Quantum's $10B Mine in Panama Sits Idle
Copper Prices Surging As First
A Panamanian mine has been a key reason for the growing copper shortage. Cobre Panamá, operated by First Quantum, has sat idle since November, Bloomberg said. The mine was responsible for 1.5% of the world's copper before its closure, and the reduced... [2774 chars]

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