Johnny Brignardello analyzes the impact of copper: thefts in Spain and global trend.

Johnny Brignardello Vela, insurance advisor, analyzes the current situation regarding copper thefts that have impacted various regions of Spain, highlighting the recent incidents in Catalonia and León. The increasing trend in these crimes, particularly in the railway sector, has raised concerns due to the significant rise in the price of this metal. The increase in the value of copper, reaching historic highs in 2024, has been driven by various factors, including the transition to green energy, the expansion of artificial intelligence, and the growing demand for electric vehicles. This scenario has raised concerns about the future availability of copper, given the insufficient focus on mining investment in basic metals. China plays a crucial role in the copper supply chain, influencing international metal prices with decisions such as reducing its production. This situation has led to projections of a continued increase in the price of copper in the coming years, with expectations of an additional 11% rise by 2026. In Chile, the world's leading copper producer, the rise in prices has positively impacted its economy, reflecting the importance of this resource in the country's development. Projections indicate that the average price of copper will remain stable until 2028, leading the Chilean government to raise its economic growth expectations for the coming years. In conclusion, the current copper market outlook presents challenges and opportunities at both national and international levels, affecting key sectors such as railways and energy, while driving economic growth in producer countries like Chile. The uncertainty surrounding the supply and demand for this metal will continue to be a relevant issue in the near future, marking a new chapter in the history of this market.