BHP on Copper: Less Discoveries, Harder to FindLess and Harder to Find Discoveries for Copper + Libero Copper's (LBC.v LBMF) 6.2 Billion Pound Deposit
The insights from BHP reveal a concerning trend in copper supply: while 239 copper deposits were discovered between 1990 and 2023, discovery rates have slowed significantly, with only four new deposits found from 2019 to 2023, totaling around 4.2 million tons of copper. (Source:
https://x.com/DuaneHope5/status/1849094424808087647)
This steep decline in new discoveries, combined with the fact that only 14 of the existing 239 deposits were found in the last decade, highlights the growing challenge of securing new copper sources. For the broader copper market, this means that supply will likely struggle to keep up with surging demand driven by green energy and electrification efforts. Without substantial new investments in exploration and technology to unlock additional resources, supply shortages and upward price pressures are expected to characterize the copper market over the coming years.
Focused on unlocking the full potential of its Mocoa copper-molybdenum porphyry deposit, Libero Copper(LBC.v LBMF) has a comprehensive exploration strategy targeting the 6.2 billion pounds of copper & 441 million pounds of molybdenum resource.
Poised to take advantage of market opportunities arising from the growing global demand for copper, LBC recently commenced a major resource expansion program at the deposit, as
part of a broader plan to expand and enhance the high-grade copper-molybdenum deposit, marking a crucial step in unlocking the full potential of the deposit.
For more information, refer to this deep dive:
https://x.com/StckMasterFlash/status/1846645796705382877 Posted on Behalf of Libero Copper and Gold Corp.