OTCPK:CPPMF - Post by User
Post by
Rational43on Feb 12, 2021 5:22pm
209 Views
Post# 32556304
Copper production down in 2020, flat for the last five years
Copper production down in 2020, flat for the last five yearshttps://www.kitco.com/news/2021-02-12/Global-copper-production-declines-2-in-2020-report.html
"Global mine copper production was hovering around 20 million tonnes level over the last five years and this fact raising concerns of sustainable supplies of primary copper for the variety of industries."
So I guess raising copper production 50% in the next 10 years should be easy at these prices, as declining grades in Chile have led to ZERO copper production increases with copper at $2.50 to $3.00 for the past five years.
And with every government printing Trillions and giving away there won't be any sort of demand for electrical items.