Workers at BHP's Escondida copper mine in Chile have gone on strike, potentially impacting over 5% of global copper supply, causing copper futures to rise. This follows similar disruptions at Lundin Mining’s operations in Chile, adding to the risk of a market deficit. Analysts expect a 6% supply disruption in 2024, which could deepen the deficit despite weaker demand concerns. (Source: https://seekingalpha.com/news/4140250-risk-of-further-unplanned-disruptions-in-copper-remains-high-anz-says)
Holding a strategically important project with substantial exploration potential, Libero Copper (LBC.v LBCMF) has emerged as a contender in this sector with the Mocoa Copper-Molybdenum Project.
Boasting an inferred resource of 4.6 billion pounds of copper and 511 million pounds of molybdenum, the project is supported by the Municipal Council of Mocoa and its Territorial Development Plan prioritizes sustainable development, community welfare, and copper production, aligning with Colombia's renewable energy goals.
For more information, refer to this deep dive on LBC: https://www.reddit.com/r/Wealthsimple_Penny/comments/1eg83xf/libero_copper_gold_corp_lbcv_expands_mocoa/
Posted on Behalf of Libero Copper and Gold Corp.