Richard Mills newsletter has some interesting stuff on copper shortage. A polymetallic discovery with huge copper component (not to mention the gold, silver, platinum, palladium and yes nickel) at Lion could be very valuable. There is mention of Mitsubishi (now has a partnership with Canada to develop minerals having interest in expanding copper investment. . Also he also mentions McKewen Copper. Rob McEwen certainly is VERY informed about what is going on at Lion and he might have big plans, beyond a personal investment. Looking at MUX corporate presentation is very interesting.
https://aheadoftheherd.com/the-mad-scramble-for-copper-richard-mills/
https://www.mining.com/web/mitsubishi-materials-targets-more-mines-to-triple-copper-output-by-2030/
Getting more current, Japan’s Mitsubishi Materials Corp in 2023 said it aims to more than triple its copper concentrate output through equity holdings by 2030, possibly through buying stakes in early and mid-stage development projects.
The company, which owns stakes in several copper mines including Los Palambres and Mantoverde in Chile, wants to boost its copper concentrate production to 500,000 tonnes a year from 150,000t now. The plan would cost $1.9 billion by the end of the decade, including investments in copper mining and smelting.
Automakers are worried about running out of supply and are going directly to the mines. In August 2023, Stellantis announced it would pay $155 million for a 14.2% stake in McEwen Copper (a subsidiary of Canada’s McEwen Mining (MUX.TO) and its Los Azules project.