Colombia's Metals & Minerals Projects Pick Up
Researched by Industrial Info Resources (Sugar Land, Texas--Project activity for Colombia's Metals & Minerals Industry slowed in 2020 due to the economic recession caused by COVID-19. In 2021, projects are starting to pick up again, and it is expected that the market will improve as the year progresses.
Earlier this year, Colombia opened up bidding for potential mining exploration and development of copper and other metal deposits, according to Reuters. Colombia is seeking to develop its copper deposits in advance of a jump in demand for metals used in rechargeable batteries.
Industrial Info is tracking 74 active Metals & Minerals projects, worth $9.71 billion, in Colombia. Click here for a list of related projects.
Coal and gold are the leading commodities for Colombia's mining investments, followed by copper. See graph below.