TSXV:BRO - Post Discussion
Post by
JCistheOne on Aug 08, 2024 3:37pm
USA Copper in great demand
USA copper is available and in gread demand. Stop the beaucracy and proceed.
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An additional 1.5 million metric tons of copper will be required by 2035 for the energy transition alone. Combined with conventional non-energy demand, total U.S. consumption is projected to be 3.5 million tons by 2035, up from 1.65 million tons in 2023, marking a 112% increase."
"The U.S. has sufficient reserves and resources of 275 million metric tonnes of copper, more than enough to meet peak clean energy demand through 2035. However, permitting and other hurdles have stalled increased domestic mining and refining. It currently takes an average of 29 years for a new mine to come online. Moreover, not only does the U.S. have the second longest mine development timeline in the world, copper mines in particular are also one of the slowest to develop compared to other critical minerals. Without new production and refining, U.S. net import reliance for refined copper is forecasted to skyrocket to over 60% by 2035." https://www.mining.com/web/copper-age-2-0-adopting-a-comprehensive-us-copper-strategy/#:~:text=An%20additional%201.5%20million%20metric,%2C%20marking%20a%20112%25%20increase.
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