Severe shortage of copper

This via HAV, written by Richard Mills.

Conclusion
Piecing everything together, it is obvious that the world copper supply, if it isn't yet, will soon be in deep trouble without a push among
the large copper miners to find and produce more of the red metal to replace rapidly depleting reserves.
It is a question of basic supply and demand.
Unlike the previous super-cycle, which depended on China, the next structural bull market for commodities will be driven by
spending on green energy and transportation, for which copper is a critical ingredient with no substitutes.
As we discovered while researching a recent article, even with a 30% penetration of EVs, a relatively conservative estimate, we
need to find another 20 million tonnes of copper per year over 20 years. And we will still need enough copper for all its other uses, in
construction wiring & plumbing, infrastructure build outs, electrical grids, energy storage, 5G, etc.
A goal like that is not insurmountable, but it will take major investments in copper exploration, at a scale that has never before been
attempted. Any copper junior with a deposit of significant size and grades, will have no problem attracting a major or mid-tier
acquirer, that can help finance a future copper mine and bring it to commercial production.
By Richard (Rick) Mills
Contributing to **promotion blocked**.com