Pan Asia Metals (ASX:PAM)

BHP expects global #copper demand to increase 72% to 52.5m tonnes a year by 2050, from 30.4m in 2021, due in part to AI reshaping energy systems & demand for commodities, with the copper shortfall triggering a race to secure access to mines. https://lnkd.in/gp6xjRPe $PAM

More action in the Chilean copper space with the word on the street that CODELCO – Corporación Nacional del Cobre de Chile will bid $500M for ENAMI Empresa Nacional de Minería’s 10% holding in the Teck Resources Limited operated Quebrada Blanca (QB) #copper mine in northern Chile, valuing QB at $5B. This is on the back of other recent activity in copper, including BHP’s and Lundin Mining Corporation’s acquisition of Filo Corp’s Filo del Sol copper project. What’s driving the activity in copper? Well it’s not a pumped up push from the street, it’s the looming copper shortfall due to an overall lack of investment in the copper project pipeline, what looks to be increasing permitting timelines in most jurisdictions, and delays in brownfields expansions. CRU estimated that $120B is required to fill the 2033 supply gap, and although there are many projects in the pipeline investors are unlikely to put their hands in their pockets unless there is a clear pathway to a low capex and opex outcome. After serious contemplation Pan Asia Metals (ASX:PAM) made its move into Chilean copper in July this year, securing its manto style #Rosario Cu-Ag Project, which is located in the infrastructure rich central copper belt, 10km north of El Salvador Copper Mine. Rosario hasn’t had any modern exploration but field work yielded impressive results, 73/89 samples >0.1% Cu average 2.13% Cu and 6g/t Ag AND 43/73 >1.5% Cu average 3.0% Cu and 9g/t Ag. IP geophysics is set to start later in September. #ASX #Mining #Exploration #Atacama #Drilling #Copper #Silver #Gold #Lithium #Cu # Ag #Au #Li #ResourceDevelopment #MiningNews #Investing #AustralianMining #MiningProjects #MineralExploration #MiningIndustry #CommodityInvesting #Chile #DLE #EV #LIB See more: https://lnkd.in/gXhSYhtD

For most investors #lithium is now a four letter word, but for some of the largest mining and chemical companies in the world, lithium is still another word for opportunity. Who’s right and who’s wrong? Chile’s ENAMI Empresa Nacional de Minería recently invited expressions of interest to joint venture its lithium project on its Salares Altoandinos, which is situated at about 4,000m altitude in the Andes and about 100km east of Pan Asia Metals (ASX:PAM) #Rosario #Copper Project. Salares Altoandinos is not an easy place to get to. The short list of SIX (6) comprises Rio Tinto, Eramet, BYD, LG Energy Solution, POSCO and CNGR Advanced Material. At least ONE (1) of these companies will joint venture with ENAMI, leaving FIVE (5) looking to secure lithium brine. Pan Asia Metals (ASX:PAM) holds the Tama Atacama Lithium Project, comprising about 1,200sqkm of prospective lithium ground at an altitude of about 1,000m and only 75km from the port city of Iquique. Tama Atacama is also on road and rail to Antofagasta, which is emerging as South America’s key lithium processing and export hub. Tama Atacama is a strategic lithium holding, with all required infrastructure located in and around the project area. At #PAM we believe that if Albemarle Corporation and SQM Litio can be the lowest cost #lithium producers in the world through their holdings on Salar de Atacama, which is 200km inland and at 2,300m altitude, then the odds are that PAM’s Tama Atacama Lithium Project can also be a low cost producer.  The lithium price may be low but like Rio Tinto, Eramet, BYD, LG Energy, POSCO and CNGR Advanced Material, we’re keeping the bigger picture in mind, #EV demand is strong and low cost lithium production is key. #ASX #Mining #Exploration #Atacama #Drilling #Copper #Gold #Lithium #ResourceDevelopment #MiningNews #Investing #MiningProjects #MineralExploration #MiningIndustry #CommodityInvesting #Chile #DLE #LIB https://lnkd.in/grJMkCbj

Thailand's proactive policies look to position it as a leading global hub for producing #battery #electric vehicles (#BEV) & #hybrid tech. It is building a localised supply chain to support growth, which could include the $PAM.ax Thai #Lithium Project. https://lnkd.in/gY2PtF5G