Copper mining is Opec on crack, so why is the price falling? – by Frik Els ( – July 13, 2021)

Much like the reference in this piece’s headline, it’s a cliché to call a country the Saudia Arabia of something.

The top search suggestion at the moment is the Saudi Arabia of wind. That’s Boris Johnson’s dream for the UK and from a leader with an affinity for hot air, perhaps not unexpected.

The Saudi Arabia of lithium query takes you to a story about Chile, which is wrong. Neither is it Afghanistan as this article in the NYT would have it. It’s Nevada; Elon Musk confirmed it last year.

The Saudi Arabia of sashimi is… well just google it. (it’s Palau – ed.) Chile is not the Saudi Arabia of copper either. It’s the Saudia Arabia, Iraq, UAE, Iran, Kuwait, Nigeria, Angola, Algeria, Venezuela, Libya, Congo-Brazzaville, Gabon and Equatorial Guinea of copper.

Chile’s share of global copper output is on par with the combined output of the 13 members of Opec in the crude trade.

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