Copper prices have topped US$10,000 per tonne for the second time in a fortnight but analysts including Goldman Sachs are predicting that there’s still a long way to go.
Without sufficient copper supplies, a clean energy future is threatened.
Not only does the outlook seem bleak for copper supplies, but the very process of electrification has implications for copper.
While lithium prices are currently down from where they were in 2022, a number of experts are forecasting dramatic increases in demand for this critical battery metal.
Using data obtained from the International Energy Agency (IEA), the UN Trade & Development (UNCTAD) projects that lithium demand could rise by more than 1,500% between now and 2050.
UNCTAD says to achieve global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines.
Maybe they haven't spoken to BLACK CAT or Lockitt for that instance, he could set them straight.
Just need to get a hit on a copper deposit when drilling starts Soon ( Monday hopefully Announcement drilling has commenced ).
ICG Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
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