LBC's CEO Ian Harris on the Jay Martin Show "Copper's Critical Shortage: Is a Price Surge Inevitable?" - Joining the Jay Martin Show, Libero Copper's CEO (LBC.v LBMF), Ian Harris, detailed that copper is increasingly viewed as the "new oil," with prices currently over $4 per pound, but the supply-demand mismatch remains a critical challenge:
https://www.youtube.com/watch?v=dM8v6WX0Isw&t=45s While the demand for copper continues to rise due to factors like the shift to electric vehicles and infrastructure expansion, supply has struggled to keep pace, leading to concerns over future shortages. Industry insiders are not focused on solving this supply issue, as higher copper prices ultimately benefit their businesses.
However, the gap between demand and supply timelines is concerning, as the time required to discover and bring new copper deposits online can take up to 20 years.
South America, which dominates global copper production, faces challenges due to environmental and political concerns, but the region remains a vital source of future copper supplies. The lack of new discoveries and limited expansion options, coupled with companies focusing more on production than exploration, exacerbates the supply issues.
Despite these hurdles, industry players see the current environment as an opportunity for smart investors, as low prices in the ground present significant upside potential. The future of copper appears uncertain, but one thing remains clear: prices are likely to rise as demand grows and supply remains constrained, positioning copper as a crucial resource in the transition to a more electrified global economy.
The Next Copper Giant - Targeting High-Quality Copper Deposits In The Americas
Strategically positioned to take advantage of the increasing demand for copper, Libero Copper (LBC.v, LBMF) is currently focused on developing the Mocoa Project in Colombia, a significant copper-molybdenum deposit containing 630 million tons of resources with a copper grade of 0.33%.
As detailed during a recent interview with Grizzle, titled 'The Copper Discovery Checklist', LBC is embarking on a 14,000-meter drill program and, with the backing of mining magnate Frank Giustra, has strong financial support, positioning it to deliver substantial value from this key project:
https://x.com/StckMasterFlash/status/1843733276743328249 Posted on Behalf of Libero Copper and Gold Corp.