Achint Goel’s Post

Whilst there are many so called “experts” out there signalling alarm bells in the copper supply side, in my opinion, CRU has always produced reliable, consistent data without fanfare or blowing anything out of proportion. When you see the data presented like this, it should ring alarm bells, not only for how low the copper price is (which deters companies from investing in production) but also that the envisaged demand requirement over the next few years for copper is never going to be met and in fact is looking worse than a couple of years ago. With Governments like the UK expected to dial back net zero to 2030 again, it is difficult to see how this supply-demand equation will allow net zero to be achieved. Copper price need to be well above $11,000/t and stable to allow the sort of investment required to bring mines back into production. They always say trust the numbers, well in this case I trust the numbers and they aren’t giving me a wholesome feeling that these targets are going to be achieved.

Check out Erik Heimlich's analysis of the challenges facing the copper mining industry as global demand rises along with insights drawn from over 280 mining projects. Read more ⬇️

As the global energy transition accelerates, the demand for copper is revealing 'flaws' in the mining project pipeline. The challenge of bringing new copper mines online is a complex but critical task. At CRU, we understand the importance of quantifying this challenge to ensure a stable copper supply for the future. Leveraging our extensive database, we’re able to draw comparisons between the potential production forecasted from copper mining projects and actual production figures. Our analysis encompasses over 280 mining projects, both greenfield and brownfield, commissioned over the past 14 years since 2010. The chart below serves as a stark illustration, highlighting the fate of ‘possible’ projects (less advanced projects) in the old 2010 pipeline. It reflects a sobering reality: many projects fail to advance due to various factors, including economic viability, regulatory hurdles, and market conditions. #CopperMining #EnergyTransition #CRUInsights #MiningProjects #MarketAnalysis

To summarise, moving from discovery to production is difficult, but staying in production can be even harder. Only a few companies globally manage to achieve this through economic cycles. As we move into 2030, the question is: will we see higher prices or reduced demand?

Aurora Energy Metals is pleased to be featured in Mining Journal’s “Uranium Outlook 2023” report. #1AE holds the largest mineable measured #uranium deposit in the United States. Large in scale, well-defined and presenting low geological risk, managing director, Greg Cochran sees the project’s clear pathway to development as a differentiator. The #ASX-listed company’s two-state #development strategy will see mining the deposit in southern Oregon, and processing the ore in a plant to be situated just across the border, on private land, in Nevada. The location of the plant takes advantage of the nearby hydroelectricity fed powerline, as well as an existing paved road with access to the US 95 highway. #Nevada, an acknowledged leading #mining jurisdiction, also has a more straightforward and well-established permitting procedure. Download the report here: https://loom.ly/E4r4RAU #AuroraEnergyMetals #lithium #AEMP #ASX

Is lithium the new gold? In Argentina there is one of the largest reserves of the most precious commodity on earth nowadays. Why Lithium? Because it is essential for making chips for electric cars , smart phones and computers. Corporations like Barrick and Río Tinto are investing heavily for extracting this precious metal and many others like copper and gold are expected to follow through. Our survey has showed that during the next five years exports of this metal will surpass exports of meat. The famous argentine steak will be more expensive and harder to find while the mining industry is expected to soar. Source: Bloomberg #economy #economía #finanzas #mineria #argentina #milei #mining #litio #argentina

The world's growing appetite for elements like lithium, nickel, cobalt, graphite, copper, and aluminum, essential for clean energy technologies, is putting pressure on the mining industry to boost production. However, mining also faces sustainability goals, demanding a decrease in carbon emissions despite increased energy intensity. The answer? Enhance energy efficiency across the value chain. 👉🏻 Read the article in International Mining Engineer and learn how water-cooled drive systems achieve an efficiency of over 97.5%, reducing energy losses by 2% compared to air-cooled systems. Their lower operating temperature extends the life of critical components, leading to a reduced total cost of ownership. #Mining #Grinding #EnergyEfficiency #Drives

The world's growing appetite for elements like lithium, nickel, cobalt, graphite, copper, and aluminum, essential for clean energy technologies, is putting pressure on the mining industry to boost production. However, mining also faces sustainability goals, demanding a decrease in carbon emissions despite increased energy intensity. The answer? Enhance energy efficiency across the value chain. 👉🏻 Read this article in International Mining Engineer and learn how water-cooled drive systems achieve an efficiency of over 97.5%, reducing energy losses by 2% compared to air-cooled systems. Their lower operating temperature extends the life of critical components, leading to a reduced total cost of ownership. #Mining #Grinding #EnergyEfficiency #Drives

"From very early on, our strategy is to target carbon neutral production. This endeavor is possible since 2/3 of mining emissions are from power generation, and at McIlvenna Bay we can use hydroelectric power." Dan Myerson, Executive Chairman & CEO at Foran Mining. This interview is part of our #Newsweek feature The New Era of #Mining. https://lnkd.in/dSVk_QeT

The world's growing appetite for elements like lithium, nickel, cobalt, graphite, copper, and aluminum, essential for clean energy technologies, is putting pressure on the mining industry to boost production. However, mining also faces sustainability goals, demanding a decrease in carbon emissions despite increased energy intensity. The answer? Enhance energy efficiency across the value chain. 👉🏻 Read the article in International Mining Engineer and learn how water-cooled drive systems achieve an efficiency of over 97.5%, reducing energy losses by 2% compared to air-cooled systems. Their lower operating temperature extends the life of critical components, leading to a reduced total cost of ownership. #Mining #Grinding #EnergyEfficiency #Drives