Copper, the most critical metal, page-216

Friedland warns of copper ‘crisis’ as mine costs soar

While some analysts see near-term respite for soft copper prices, developers need a sustained price gain to make long-term investment decisions. Last week, BMO Capital Markets and Citigroup analysts said copper prices may rise past the US$10,000/tonne (US$4.54/lb.) mark again in the near-term due to a Chinese smelter supply shortage and grid investments in China. Copper posted a record high of US$5.11/lb during May 2024.

https://www.mining.com/friedland-warns-of-copper-crisis-as-mine-costs-soar/


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