There is no equivalent of the shale oil revolution for copper that will dramatically increase supply in the coming years, the chief executive of miner Freeport-McMoran, said.
“There’s no shale oil for copper - it can’t be turned on quickly,” Richard Adkerson told the FT Commodities Global Summit in Lausanne.
Copper has emerged as a favourite metal for the world’s largest miners since there has been little investment in new mines over the past few years following a crash in commodity prices.
At the same time, demand for copper is expected to rise due to its use in wiring for renewable energy and electric car charging.
https://www.ft.com/content/ab449d00-2c34-11e8-9b4b-bc4b9f08f381
Sprott on Kalahari Copper Belt, page-3
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add EEL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $2.02M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.3¢ | 0.2¢ | $3.767K | 1.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 6396167 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 8400002 | 10 |
View Market Depth
| Last trade - 14.16pm 28/06/2024 (20 minute delay) ? |
| EEL (ASX) Chart |