We finance mining projects for the extraction of important raw materials for German and European industry, such as copper or iron ore.
KfW IPEX-Bank is participating in the expansion of the Minera Centinela copper project. The copper mine, which is 70% owned by Antofagasta, is located about 1,350 kilometres north of Santiago.
In addition to its traditional uses, future demand for copper will be driven in particular by the emerging electric vehicle market on account of the metal’s conductivity. In the car industry, copper is used in both electric motors and charging cables for electric vehicles.
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