Nationalization of copper industry

Nationalization of the copper industry refers to the process where a government takes control of copper mining and production from private companies. This often aims to ensure that the country's natural resources benefit its citizens directly, rather than foreign companies. Nationalization can lead to increased government revenues, job creation, and development funding. However, it may also result in challenges such as reduced investment and efficiency if not managed well. Countries like Chile and Zambia have historically nationalized their copper industries to assert sovereignty over resources and improve economic conditions for their populations.