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Copper Demand Predicted to Grow with Smart Cities. Total volume of copper in smart city technology to nearly double by 2025. New research, commissioned by ICA, revealed copper is the material of choice for smart city technology, thanks.Apr 04, 2018 Codelco, the state owned copper mining company, and the rise of Large Scale Private Copper Mining (LSPCM) both played critical roles in the industry. Copper production in Chile went from 1,588 million tons (M.T.) of ine copper in 1990, with a 25 total share of private companies, to 5,672 M.T. in 2016, with a 68 share of private copper.