Copper" at the heart of the matter"5 Nov 2021 09:06
"Why are major mining companies so intent on securing new supplies of copper? Quite simply, they are running out of ore.
Without new capital investments, Commodities Research Unit (CRU) predicts global copper mined production will drop from the current 20 million tonnes to below 12Mt by 2034" with existing mine stocks dwindling and the predictions of significant demand growth,it is extremely difficult for the main users of Cu to corner their own personal supply.We have seen Nickle,Lithium and REEs get direct investment from end users but as yet no moves have yet been made for Copper.Copper's role is less specific but all encompassing and it's the one metal (a bit like a heart) that allows all other elements to function.GLA LTH