Glencore to Reopen Alumbrera Mine in 2027, Unlocking $13.5B Argentina Copper Projects

Glencore will reopen the Alumbrera copper mine in Argentina in 2027, the first step in a broader plan including Agua Rica and El Pachón, with combined investments of $13.5 billion. The projects are already generating over 2,000 jobs in Catamarca and San Juan, though final go-ahead awaits Argentina's RIGI investment incentive regime. This signals a significant revival of Argentina's copper sector, with potential implications for global copper supply and regional economic growth.