BHP Forecasts Significant Increase in Copper Consumption BHP forecasts a significant increase in global copper consumption, projecting an average annual rise of 1 million tonnes until 2035. Driven by copper-intensive technologies and the energy transition, global copper demand is expected to grow by 70% to 50 million tonnes annually by 2050, with sectors like energy transition and digital technologies playing larger roles. The transport sector’s copper demand will rise significantly due to the growth of electric vehicles, while challenges like declining ore grades and rising costs will necessitate $250 billion in investments to address supply shortages. (Source: https://www.mining.com/bhp-forecasts-annual-copper-demand-growth-of-1-million-tonnes-through-2035/)
Ahead of a 14,000m drill program at a large copper-molybdenum project in Colombia with 630 million tons of resource at a grade of 0.33% copper, Libero Copper (LBC.v LBMF) is advancing the Mocoa Project. With significant backing from billionaire mining investor Frank Giustra, LBC is strongly positioned to benefit from the global increase in copper demand: https://x.com/top_prospector/status/1839406623724302406
Posted on Behalf of Libero Copper and Gold Corp.