The Chilean company is working on technological developments to increase the production of copper needed for decarbonization.
Chilean firm is targeting 1 million tons of copper in 10 years.
Ceibo has developed a broad set of clean technologies in recent years that are being operated by Ceibo’s team in different mining districts to improve operation efficiency and generate positive environmental impacts.
Ceibo says it has put together a consortium of world leading financial investors and mining companies, which are collaborating and supporting the commercial role of its low carbon technology.
The Chilean advanced copper extraction technology company, announced today that BHP Ventures has joined as investor, closing its Series B financing for over USD 30 mn to accelerate its primary and secondary sulfides leaching process.
The Chilean startup raised a $30M Series B round to scale mining tech that improves the efficiency of copper extraction
The energy transition is fueling skyrocketing demand for copper, an essential metal for renewables, batteries, and other climatetech. But supply isn’t keeping up. There’s more than enough copper in the earth’s known reserves to supply our growing demand for the metal, but supply is stagnating due to rising extraction costs and decades-long lead times to open new mines. A July 2022 report from S&P Global predicts that demand could begin to exceed supply in just a few years.
When it comes time to fret about minerals critical to the energy transition, lithium, cobalt and nickel may get all the attention, but another metal is keeping plenty of analysts up at night.