LBC.v: Positioned to Capitalize on Rising Copper Demand As recently highlighted by Forbes, global copper demand is projected to soar to nearly 50 million metric tons annually by 2035, up from 28 million metric tons today, driven by the surge in renewable energy and electric vehicle adoption, which require significantly more copper than traditional technologies. Prices have already doubled, from $5,182/ton in 2020 to $10,117/ton in May 2024, reflecting mounting supply pressures.
Source: https://www.forbes.com/councils/forbesbusinesscouncil/2024/11/20/the-impact-of-rising-copper-demand-and-supply-shortages
Libero Copper & Gold Corporation (TSXV: LBC, OTCQB: LBCMF, DE: 29H) is strategically positioned to help address future copper demand with its flagship asset, the Mocoa porphyry copper-molybdenum deposit in Colombia.
Located within the prolific Jurassic Copper Belt this project represents a significant opportunity for resource expansion and high-grade discoveries.
LBC is currently conducting a 14,000-meter drill program at Mocoa, conbining infill, step-out, and regional drilling, aiming to expand the resource, enhance geological understanding, and test new target areas.
The program, built on two years of comprehensive analysis—including re-logging, geological modeling, geophysics, and geochemical studies—targets new prospective areas where initial soil anomalies suggest promising mineralization.
Supported by billionaire Frank Giustra’s Fiore Group, known for its strategic investments in high-potential resource projects, LBC is well-equipped to advance the Mocoa project toward production.
The company's experienced leadership team, combined with its focus on sustainability and community engagement, positions it as a compelling investment opportunity in the copper exploration sector.
More: https://www.liberocopper.com/_resources/news/nr-20241106.pdf
Posted on behalf of Libero Copper & Gold Corp.