6 Copper projects you should know about
Copper is a hot commodity. It plays a crucial role in 3 secular growth areas.
1. The growth of emerging economies: drives demand for big-ticket consumer goods like autos, appliances, electronics and new homes, of which copper is a major ingredient.
2. The growth of technological advances: requires electrical wiring, microchips and semiconductors, where copper is a main component.
3. The green revolution: the growth of battery electric vehicles, green energy storage and infrastructure, of which copper is a vital element.
These are 6 copper projects you should know about
Pebble - Northern Dynasty Minerals
Located in Alaska, it is the largest undeveloped copper resource in the world. It has 6.4 billion tonnes of copper at an average grade of 0.4%, or 25.8 million tonnes of contained metal.
Quellaveco - & Mitsubishi
Located in Peru, it is one of the world's largest undeveloped copper deposits. It contains 1.3 billion tonnes of ore with an average grade of 0.57%, or 7.5 million tonnes of contained metal.
Resolution - &
Located in Arizona, it is expected to be the largest copper mine in North America, producing 25% of the U.S. demand for the metal each year.
Pumpkin Hollow - Nevada Copper
Located in Nevada (the same state as Tesla’s Gigafactory) it has 23.9 million tonnes of copper reserves at 1.74% Cu equivalent, with significant expansion potential.
BKM -
Located in Indonesia, it has 20.5 million tonnes of copper resources at 0.7% Cu equivalent, with significant exploration potential. The company believes that the deposit potentially has “district scale mineralisation”.
Mankayan -
Located in the Philippines, it has 36.2 million tonnes of inferred copper resources at 0.44% Cu equivalent, with significant expansion potential. A resource estimate put indicated resources at 221.6 million tonnes of copper at 0.49%.
Given an imminent copper supply crunch, a 10 million tonne deficit is anticipated by 2028. New discoveries have dwindled, and there is an impending shortage of quality copper assets. A tight copper market is good for copper prices and especially those involved in developing copper producing projects.
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.