RE:RE:RE:RE:RE:RE:RE:Lets recap What happens around us:
Long-term supply gap exceeds 6 million tons of copper
According to Goldman Sachs, copper is increasingly a political market. Supply and demand are influenced by various political decisions. The investment bank cites, for example, the mining policy in Chile, the largest copper country, the massive increase in demand for raw materials due to the switch to renewable energies in Europeand Russian sanctions.
The industry is worried about an adequate supply. The long-term supply gap is currently estimated at slightly more than 6 million t. This is not new – but in an increasingly uncertain environment, it may have to be assessed differently than in the past.
It is pointed out that half of the planned projects for the copper supply in 2032 consist of greenfield projects. 19% are attributable to speculative brownfield projects.
Source: Miningscout.de, 13.05.23
Cheers, T.