Japan's Sumitomo joins copper-gold mine project in Chile

MaterialsTrading house expects to reap 5,000 tons a year of red metal crucial for data centersSumitomo Corp. has taken part in a copper-gold mine project in northern Chile. (Sumitomo Corp.)KENTO HIRASHIMAAugust 29, 2026 05:04 JSTTOKYO -- Sumitomo Corp. has joined a copper and gold mine project in Chile, the Japanese trading house said Friday, with production expected to begin in the early 2030s.Read NextCommoditiesJapan's Sumitomo Metal, Sojitz look to Southeast Asia for rare earthsBusiness trendsJapan's trading houses bet on natural resources amid AI boomMaterialsJapan's Mitsubishi Corp. to invest $600m in US copper mineArtificial intelligenceKomatsu to triple size of US maintenance hub amid AI copper rushInterviewJapan chip startup targets AI boom as industry focus turns to materialsLate