CYM 2.63% 3.7¢ cyprium metals limited

While we're all patiently waiting ( we are patient aren't we?)...

  1. 850 Posts.
    lightbulb Created with Sketch. 307
    While we're all patiently waiting ( we are patient aren't we?) here's a bit of reading from the small ,,,,,, caps website

    New IEF study finds major increase in copper mining needed to meet electrification goals

    The International Energy Forum (IEF) is tipping further demand growth for copper as the world regains its interest in electric vehicles (EVs).
    In a new report, “Copper Mining and Vehicle Electrification,” the IEF has labelled copper as the mineral most fundamental to the human future because it is essential to electricity generation, distribution and storage.
    The IEF is the world’s largest international organisation of energy ministers with 72 countries represented including both producing and consuming nations.

    Copper shortage

    The IEF report suggests that copper availability and demand will determine the rate of electrification, a foundation of current climate policy across the globe.
    However, results from numerous studies have raised concerns that copper supply cannot meet the critical metal’s demands for both the green energy transition and equitable global development.
    IEF findings suggest that 115% more copper must be mined in the next 30 years than has been produced historically just to meet business-as-usual trends.
    To electrify the global EV fleet requires bringing 55% more new mines into production than would otherwise be needed.

    Reference:
    https://*********.com.au/ief-study-major-increase-copper-mining-needed-electrification-goals/
 
watchlist Created with Sketch. Add CYM (ASX) to my watchlist
(20min delay)
Last
3.7¢
Change
-0.001(2.63%)
Mkt cap ! $56.46M
Open High Low Value Volume
3.6¢ 3.9¢ 3.6¢ $51.12K 1.375M

Buyers (Bids)

No. Vol. Price($)
3 635818 3.7¢
 

Sellers (Offers)

Price($) Vol. No.
3.8¢ 165316 2
View Market Depth
Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
CYM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.