Exploration efforts are finding few new quality deposits, so low-grade high-cost deposits will have be brought into production - by prices high enough to make this possible.
Recycle? Ignoring losses, it will take five ++ ICE vehicle retirements to supply each new electric vehicle.
Then there is the additional demand in wind turbines, solar farms and electricity transmission.
There are no substitutes for copper.
Ash
OZL Price at posting:
$19.81 Sentiment: Buy Disclosure: Held