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
There is no equivalent of the shale oil revolution for copper...
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