BHP Projects 70% Increase in Global Copper Demand by 2050 BHP projects a 70% increase in global copper demand by 2050, driven by economic growth, the energy transition, and expanding digital infrastructure. Copper demand is expected to rise from 31 million metric tons annually to over 50 million, fueled by both traditional industries and newer sectors like renewable energy and electric vehicles. However, the supply chain faces significant challenges, including aging mines, declining ore grades, and project delays. While brownfield expansions and recycling efforts will play a role, new copper discoveries and greenfield projects are critical to meeting future demand. (Source: https://investingnews.com/bhp-copper-market-forecast/)
Strongly positioned amid this opportunity, Libero Copper (LBC.v, LBMF) is advancing its Mocoa Project in Colombia, a large copper-molybdenum deposit with 630 million tons of resource at a grade of 0.33% copper: https://x.com/StckMasterFlash/status/1839076598068232601
As the company prepares for a 14,000-meter drill program, it is poised to capitalize on the growing global demand for copper, which is being driven by the energy transition and industrial growth. Backed by mining billionaire Frank Giustra, Libero Copper benefits from strong financial support, enhancing its potential to unlock substantial value from this strategically significant project.
Posted on Behalf of Libero Copper and Gold Corp.