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Trigon Metals Inc V.TM

Alternate Symbol(s):  PNTZF

Trigon Metals Inc. is a Canada-based exploration and development company. The Company is focused on copper and silver holdings in mine-friendly African jurisdictions. The Company has operations in Namibia and Morocco. In Namibia, it holds an 80% interest in five mining licenses in the Otavi Mountainlands, an area of Namibia generally recognized for its high-grade copper deposits, where the Company is focused on exploration and re-development of the producing Kombat Mine. In Morocco, it is the holder of the Silver Hill and Addana projects, highly prospective copper and silver exploration projects. The Silver Hill is a 16 square kilometers (km2) property located in the Anti-Atlas region. The Kombat Mine is located in the Otavi Mountainland on the Northern Platform Margin of the Damara Orogenic Belt. Its Kalahari Copperbelt Project includes a substantial land package in Namibia with primary Exclusive Prospecting Licenses (EPLs) covering 280 km along the strike of the Kalahari Copper Belt.


TSXV:TM - Post by User

Comment by Joe455on Dec 30, 2021 6:48pm
75 Views
Post# 34272471

RE:Friedland : “Copper demand is going to be psychedelic!”

RE:Friedland : “Copper demand is going to be psychedelic!”The modern world runs on copper.
juniorbullalive wrote:

""Copper is rare and hard to find, but without it we don’t have a modern world  ""
------------------------------------------------------------------------

Shooting from the hip, and holding forth on everything from the China-US trade war to global warming, the serial entrepreneur predicted the rise of electric vehicles (EVs) will be a huge opportunity for the mining industry and investors: “Copper demand is going to be psychedelic!”

The numbers back up the self-confessed “ex-hippy” and his predictions for an exponential rise in demand. The average petrol engine vehicle requires 20kg of copper, a hybrid 40kg, and a plug-in EV 109kg, while the cars of the future will need as much as 163kg of the metal. EV sales are expected to rise from 2 million units in 2018 to 21 million units by 2030.

Several long-term trends are driving growth in copper demand and are expected to amplify in the coming decades. Along with the wider uptake of EVs, the boom in consumer electronics, the increased use of renewable energy sources and energy efficiency - coupled with the need for battery storage solutions - all require significant amounts of copper to function. The World Bank’s 2017 report, “The Growing Role of Minerals and Metals for a Low Carbon Future”suggests we could see a ten-fold rise in demand for technology metals like copper, by 2050. 

The rise of copper will herald “the revenge of the miners” declared Friedland, whose no-nonsense appraisal of the industry’s likely inability to meet demand for the strategic metal had the packed auditorium hanging on his every word.

“Human beings wanting everything, all of the time and moving to cities will drive that growth in demand,” he said, alluding to the opportunity for the industry to make a positive contribution to the fight against air pollution and the quest for net-zero emissions.

“Copper is rare and hard to find, but without it we don’t have a modern world… Lithium-ion batteries are made out of copper guys. So, when we start moving fully to electric vehicles we’re going to need a telescope to actually see the copper price… The big giga factories are coming… the industrial revolution starts in 2023 and it just builds for the rest of the decade.”

Highlighting that solar energy solutions are also copper intensive, Friedland pointed out that heightened demand would come from wind turbine manufacturers. Global’s expanding fleet is expected to consume more than 5.5 million tonnes of the metal by 2028 with renewable energy sources now supplying America’s grid with 18% of its electricity. Friedland also highlighted that, allied to demand for copper, nickel and cobalt will be vital for energy storage solutions.



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