Today, BHP (ASX, NYSE: BHP) released a report projecting that global copper consumption will rise by 1 million tonnes annually until 2035, driven by copper-intensive technologies such as electric vehicles (EVs) and data centers.
By 2050, the energy transition sector is expected to account for 23% of copper demand, up from 7% today. However, the mining industry faces significant challenges, including declining ore grades, rising costs, and aging infrastructure. BHP estimates that $250 billion in investment will be needed over the next decade to bridge the supply-demand gap.
Source: https://www.bhp.com/news/bhp-insights/2024/09/how-copper-will-shape-our-future
ZEUS is committed to help meet future demand for copper driven by high-tech industries, increased global access to electricity, 5G networks, and the energy transition sector.
Moreover, with global supply expected to face significant challenges ZEUS' strategic positioning and ongoing exploration at its Cuddy Mountain Copper Project position the company to benefit from the growing supply-demand gap
ZEUS' Cuddy Mountain Copper Project is beside Hercules Metals' (BIG.v) major copper discovery in Idaho. Following this discovery, significant investment from major miners like Barrick and Rio Tinto, who staked claims in the area, signals strong confidence in further discoveries in the region.
ZEUS is expected to capitalize on its entry into this strategic region, positioning it as an appealing proximity play.
ZEUS has already completed soil sampling, mapping, and 3D IP surveys, and drilling is set to begin next year once the company finalizes its data collection and integration efforts.
Company website: https://www.zeusminingcorp.com
Posted on behalf of Zeus North America Mining Corp.