While the earth’s crust has no shortage of copper, high-grade projects in mining friendly jurisdictions are becoming harder to find. Even when discoveries are made, they are often in locations lacking infrastructure such as Russia’s far east and are being developed by companies with less mining experience.
Pan Global Resources stands out in the world of copper discoveries in so many ways.
Based on known projects and estimated demand — and taking into account use of scrap metal — many industry leaders see a supply gap of around 5m tonnes emerging by 2030 that will need to be filled by increased investment from the mining industry.
What could stop the rally would be a rise in supply — either newly dug or from scrap. The latter is a “major headwind” to its forecast, analysts admit, though many think it will be overwhelmed by demand, and weak growth in mined supply.
The world has a challenging task to meet this new demand. It’s going to have to go to new locations with a lack in infrastructure.
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IWA is a shareholder of Pan Global Resources.
Visualizing the Copper Intensity of Renewable Energy
The world is moving away from fossil fuels, towards large-scale adoption of clean energy technologies.
Building these technologies is a mineral-intensive process. From aluminum and chromium to rare earths and cobalt, the energy transition is creating massive demand for a range of minerals.
Copper is one such mineral, which stands out due to its critical role in building both the technologies as well as the infrastructure that allows us to harness their power.
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