Chile Quadrupled Copper's Price on China. Buyers Threatened to Walk.

Chile digs more copper than any country on Earth - and China buys 40% of everything Chile sells. So when Chile's state miner Codelco set its 2026 contract price, it asked Chinese buyers for $350 a ton over the market rate. The year before, they paid $89. Nearly four times the price. At least three Chinese customers said they would walk away from term contracts and buy on the spot market instead. One asked simply: who will buy at this price? Chile didn't blink. Copper is scarce, prices are at records, and Chile is now planning $100 BILLION in investment to find buyers who aren't China - including the data centers driving new demand. Follow Money Maps for the money behind the maps. #Chile #China #Copper #Codelco #Mining #Geopolitics #MoneyMaps #Shorts