Bullboard - Stock Discussion Forum Hercules Metals Corp V.BIG

Alternate Symbol(s): BADEF

Hercules Metals Corp., formerly Hercules Silver Corp., is a Canada-based exploration company. The Company is focused on developing Idaho's newest copper and silver district. The 100% owned Hercules Project, located northwest of Cambridge, hosts the recently discovered Leviathan porphyry copper system. The Hercules Property represents 8,850 acres consisting of one patented lode claim, 416... see more

Add To Watchlist

TSXV:BIG - Post Discussion

Hercules Metals Corp > Copper Demand is Coming, source Katusa research

View:

Post by Varadero on Apr 14, 2024 10:04pm

Copper Demand is Coming, source Katusa research

It’s forecast that copper demand could grow by nearly 10 million tonnes, representing roughly 35% growth. This is due to its importance in everything from power grids to batteries Demand for copper is expected to see between 4-6% annual growth over the next 8 years.

To put things into perspective the average annual growth in copper demand between 2010 and now is just 2.5%. In other words: From here on out global demand for copper is expected to grow at twice the rate it has in the past decade and a half.