Antofagasta CEO Sees Copper Demand Growing in Emerging Markets

Ivan Arriagada, CEO of Antofagasta, discusses the positive outlook for copper demand, driven by emerging markets and minimal impact from trade tensions. The company remains attractive due to its strong performance and family-controlled ownership, which may deter bids. The copper market is expected to tighten, with potential supply deficits influenced by electric vehicle demand. Antofagasta focuses on value over volume, maintaining CAPEX guidance and exploring expansion. The company prioritizes diversity, aiming to increase female representation in leadership roles.

What is the main reason for the positive outlook on copper demand in 2019 according to Ivan Arriagada?

• Growth in emerging markets

• Decrease in global supply

• Stability in the trade war

• Increased demand in Europe

Why does Antofagasta consider itself an attractive company?

• It has a diverse range of products

• It is not family-controlled

• It is a single copper producer with good operating performance

• It has a large number of international investors

What is a key feature of the copper market in 2019?

• Oversupply

• Balanced supply and demand

• Supply constraints leading to potential shortages

• Decreasing demand

How does the demand for electric vehicles impact the copper market?

• It decreases the demand for copper

• It stabilizes the copper market

• It has no impact on the copper market

• It increases the demand for copper

What is Antofagasta's approach to production targets?

• Focus on volume over value

• Focus on value over volume

• Set specific volume targets

• Ignore production targets

What is the capital expenditure guidance for Antofagasta in 2019?

• $1.0 billion

• $1.2 billion

• $1.5 billion

• $2.0 billion

What is Antofagasta's stance on diversity and inclusion?

• It is a temporary initiative

• It is only important for lower-level positions

• It is fundamental for the company's future

• It is not a priority