Copper is one of the best-performing metals/mining resources over the past few months, as geopolitical challenges and demand have pushed spot prices up over 20% since July. And with demand only expected to continue growing due to EV market growth, the renewable energy transition, and the continued rise in consumer electronic use, there’s a lot of potential for the copper market to continue to see increasing prices. We’ve seen that companies are starting to take notice, with Glencore making a $23B USD bid for Teck (one of the world’s largest copper producers).
One of the most important things when it comes to mining is to have local support, which will help permit approval and remove roadblocks. $LBC.V just announced a partnership with the Colombian government to develop a secure and strategic source of copper for Colombian sustainable industries.
- In alignment with Colombia's development strategy, the partnership created a roadmap called the Green Route to establish a copper supply chain that is sustainable, secure, and traceable.
- This also means that intermediate and end-use products of copper will try to be used toward sustainable energy and electric vehicles in Colombia.
- On March 28-29, $LBC.V was invited to participate in the first Colombia Green Energy Summit as a presenter and panellist, making them the only invited company from the mining sector.
https://ca.finance.yahoo.com/news/libero-copper-working-partnership-supporting-110000904.html
With the company focused on both relationships and sustainability, it’ll be interesting to see them continue to develop their properties. Additionally, with the macroeconomic environment supporting $LBC.V, they’re well-positioned to take advantage of the growth.