Another part of it is the demising grades at the mines - less end product extracted for the same amount of ore you used to mine.
Given all this the copper price will have to rerate - as we're due to hit peak supply around 2025. unless the world wants to cancel action on climate change and electrification of the economy, it is envitable. and you'd think the relatively small proportion of copper in EVs, solar, wind etc., means they should be able to absorb a higher price without demand destruction for those items.
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9 | 1366593 | 0.041 |
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5 | 150563 | 0.039 |
Price($) | Vol. | No. |
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