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13:23
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Originally posted by Superchicken:
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"However, mining economics notably worsen the picture. The rising development cost means that brownfield projects now require around $23,000 per ton of added annual production capacity. Since copper prices generally track capital intensity one-to-one, the authors conclude that "the future copper price must exceed $20,000 per ton" to make new development viable. At today's price of roughly $9,600, that means copper prices must more than double just to enable supply to meet projected demand."
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nope. Does not apply. They are talking about finding and developing and permitting entirely new prospective targets. It takes years.
(20min delay)