en.Wedoany.com Reported - On May 6, 2026, Argentina's Mining Minister Luis Lucero publicly stated that, based on current plans, the country's total copper export value could reach US$20.6 billion over the next decade, with annual production expected to rise to 1.641 million metric tons. Lucero pointed out that by 2035, Argentina has the opportunity to become the world's sixth-largest copper producer.

Currently, Argentina has no large-scale copper mine in production, and the country's total mining export value in 2025 was only US$6 billion. The combined scale of mining projects that have been approved or submitted to Argentina's Large Investment Incentive Regime (RIGI) totals US$50.692 billion. This incentive measure, introduced in 2024, has attracted approximately US$70 billion in intended investments after about one year of implementation.

Several large-scale copper mine development projects are moving forward. These include the Vicuna project, a joint venture between Australia's BHP and Canada's Lundin Mining, and the Los Azules project held by McEwen Copper, a subsidiary of McEwen Mining. It is understood that most new copper mines are planned to enter the production phase around 2030.

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