MiningVisuals

The ongoing demand for #copper, critical to worldwide energy transformation, will also elevate South America's economic status on the global stage.

At Freeport, we understand the critical role copper plays in our daily lives and global development. From the early days of industrialization to the tech-driven world we live in today, copper demand has grown exponentially, reflecting its importance in infrastructure, technology and sustainable energy solutions. 🌱🔋    We are proud to be at the forefront of this journey, producing a steady supply of this vital resource to meet the world’s evolving needs.   

Amazing effort from the Bozshakol team! To put this into perspective, we also have an LTIFR of 0.1, utilise the latest global technologies, have spent tens of millions of dollars on social investment projects this year alone, and are about to undertake a reforestation project next year on our lease planting 45,000 trees in Phase 1. Safe, productive, innovative, sustainable copper.

Global Cobalt Reserves 2023 Read the full article to learn more: https://lnkd.in/e5Bru3_b Cobalt, a critical mineral for electric vehicles and other emerging technologies, has seen a surge in demand in recent years. This increased demand has put a spotlight on global cobalt reserves. The Democratic Republic of the Congo (DRC) remains the undisputed leader in cobalt reserves, holding approximately 54.55% of the world's total. The country's vast deposits have made it a key player in the global cobalt market. Australia is another significant holder of cobalt reserves, accounting for around 15% of the global total. Its reserves are primarily found in nickel-cobalt laterite deposits.

📊 Silver Supply & Demand Dynamics (2015-2024F) Using data from the Silver Institute's World Silver Survey 2024, this graphic explores silver's supply-demand shifts from 2015 to 2023, with a forecast for 2024. Each layer highlights changes across different demand categories. In 2023, silver demand exceeded supply for the third consecutive year, despite a 30% drop in the deficit to 184.3 Moz. Declines in investment, jewelry, and silverware demand were offset by strong industrial demand, especially from the solar sector. With limited supply growth, the supply-demand gap is forecasted to increase by 17% in 2024. Made possible by Eloro Resources Ltd #Silver #Mining #RenewableEnergy #GreenEconomy #SolarEnergy #Photovoltaics #SupplyChain #MarketTrends

Copper Mining Costs in 2023: A Look at Major Mines and Companies Read the full article to learn more: https://lnkd.in/djTTnAgF This graphic illustrates the copper production costs across various mines and companies worldwide in 2023. Global costs fluctuated significantly, with regions like Kazakhstan, Peru, Mexico, and the Democratic Republic of the Congo (DRC) emerging as particularly cost-efficient. Production costs per pound ranged from as low as $0.95 at KAZ Minerals’ Bozshakol mine in Kazakhstan to over $2.00 per pound at operations run by companies like BHP and Lundin Mining. These differences highlight the influence of regional factors such as resource accessibility, infrastructure, and labor on mining expenses. #Copper #MiningIndustry #GlobalEconomy #Innovation #Sustainability

Copper Production Q2 2024 Read the full article to learn more: https://lnkd.in/dQtcEf_P

Countries with the Largest Copper Production in 2023: In 2023, global copper mine production continued to rise, driven by increasing demand from key sectors like renewable energy, electric vehicles, and infrastructure. Chile remained the world's top copper producer, contributing around 22.7% of the global supply, despite challenges like declining ore grades and environmental restrictions. Other key players in the copper market, such as Peru, Democratic Republic of Congo (DRC), and China, also made significant contributions. The DRC saw substantial growth due to heavy investments in mining infrastructure, while China solidified its position as a top consumer and refiner of copper. The U.S. and Australia maintained their roles as major copper producers, focusing on expanding production and refining capacity in their key mining regions. As global demand continues to rise, copper remains a critical resource for future development in green energy and advanced technologies. Read the full article to learn more: https://lnkd.in/dv-VR-d7 #Copper #Mining #EnergyTransition #Sustainability #GlobalMarkets #RenewableEnergy #EVs

Global Iron Ore Production 2022 & 2023 Read the full article to learn more: https://lnkd.in/dKwmE2HQ