That article was written (Nov 2023) before the Cobre mine was ruled to shut down (Dec 2023) quickly removing circa 300,000t pa of copper from the supply side of the world market.
Being about 1% of global supply, the Panamanian government quickly balanced the worldwide supply/demand ledger. Makes investing in politically stable, mining friendly jurisdictions attractive. The next election in Panama is May 2024 hence little will change in Panama until well after then.
Panama government shuts down one of world's largest copper mines (*********.com.au)
First Quantum Minerals faces severe cuts after losing Cobre Panama mine - *********
in Q3 2023 Cobre produced 112,734 tonnes of copper metal.
Full year 2022 Cobre produced 350,478 tonnes of copper metal
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