Coppers Long Term Outlook Despite copper prices having cooled off after hitting record highs in May, the metals long-term outlook remains strong amid growing demand form electric vehicles, AI and power infrastructure, all of which are expected to drive a substantial increase in copper consumption.
Notably, Trafigura estimates an additional 10 million metric tons of copper demand by 2035, with the EV sector contributing to a third of that, alone.
However, supply constraints post a challenge due to the time it takes to bring a brand new mine into operation, emphasizing the necessity of significant new mining capapcity. (Source: https://oilprice.com/Metals/Commodities/Is-Copper-A-Winning-or-Losing-Bet-Right-Now.html)
As meeting this demand will require significant new mining projects, Libero Copper’s (LBC.v LBMF) Mocoa Copper-Molybdenum Project in Colombia stands out as a key player in addressing this challenge.
With an estimated 4.6 billion pounds of copper and substantial molybdenum resources, Mocoa is one of the most significant undeveloped copper deposits in the region. This project positions Libero Copper as a vital contributor to the future copper supply, essential for global electrification and decarbonization efforts.
Focused on advancing exploration and development at Mocoa to capitalize on the growing demand for clean energy metals, refer to this deep dive on LBC for more information: https://www.reddit.com/r/RichTogether/comments/1f8cttz/libero_copper_lbcv_46_billion_pounds_of_copper/
Posted on Behalf of Libero Copper and Gold Corp.