What is First Quantum Minerals seeking to do with its Taca Taca project in Argentina, and who are the reported potential buyers?

First Quantum Minerals Ltd. is running a process to sell a minority stake in its Taca Taca copper project in Argentina, one of the world’s biggest undeveloped copper projects; potential buyers include Rio Tinto Group, Mitsubishi Corp., and Mitsui & Co.

Why are major miners like Rio Tinto and Japanese trading houses showing interest in Taca Taca, and what broader industry trend does this reflect?

They are rushing to boost exposure to copper—a crucial metal for the energy transition—amid forecasts of future supply deficits and copper prices trading near record highs, reflecting a broader wave of deal-making in the sector driven by rising demand for electrification and industrial uses.

First Quantum Said to Seek Sale of Stake in Giant Copper Project

Jul 15, 2026

First Quantum Minerals is negotiating to sell a minority stake in its Taca Taca copper project in Argentina to investors like Rio Tinto. The move aims to share costs amid rising global copper demand driven by the energy transition.

bloomberg

2026-07-15

First Quantum Said to Seek Sale of Stake in Giant Copper Project

First Quantum Said to Seek Sale of Stake in Giant Copper Project

FAQ