ANDIAMO EXPLORATION LIMITED’s Post

The demand for #copper is surging due to a confluence of factors.  The transition to a #CleanEnergy future lies at the heart of this growth. Copper, a superb conductor of electricity, is vital for #RenewableEnergy technologies like wind and solar power, as well as #ElectricVehicles. While copper deposits exist, extracting them efficiently is becoming more challenging. Existing mines are grappling with declining ore grades, meaning they're pulling out less copper with each ton of rock. Additionally, the permitting process for new mines can be lengthy and complex, further hindering the ability to ramp up production quickly. This mismatch between growing demand, fuelled by the #EnergyTransition and electric vehicles, and stagnant or even declining supply is a cause for concern, potentially leading to copper price hikes and shortages in the future. More at #Proactive #ProactiveInvestors http://ow.ly/j8ti105vltI

Javier Blas states in Bloomberg Opinion that #copper is not the new oil. I agree on the three main #takeaways from this #worthreading story 1️⃣ #demand All is built around "if the world fully meets its net-zero-by-2050 commitments". However, the world is not on track to meet these commitments, and the mining industry is using these ambitious scenarios to justify their #deals. On the other hand, high prices create a strong incentive to find alternatives, such as aluminum, which costs about $2,600 per ton and can replace copper in some applications. Additionally, high copper prices would drive engineers to develop ways to use copper more efficiently and sparingly, further reducing the projected demand. 2️⃣ #supplygap we could have a gap, but not as bigger as forecasted and we have ways both to find new resources and to extract them from the rubble 3️⃣ In the #energytransition, copper is a “stock” commodity: It’s bought once and used multiple times. On the other hand, oil is a “flow” commodity that must be bought repetitively as it’s burned.

Global leadership means also having the right people to discover and develop new economic deposits here- which means addressing the falling enrolments and cancelling of courses in geosciences and mining engineering in our failing tertiary institutions.

The political and policy focus on critical minerals has been caught out by market realities as prices fall. This piece I had published in The Australian Financial Review argues the warning signs have been there for a while – a plateauing energy transition & constrained uptake of EVs in North America. But in all this, Australia should not forget those resources that have underpinned the nation’s economic development – iron ore, gold, coal, copper, gas and bauxite. Yet investment in these resources is moving offshore because it is too hard here.  Approval time lines, energy, IR and taxation are challenging. If Australia wants to ensure the one industry in which it is a global leader– mining – remains capable of helping the country weather economic storms, it needs to focus on restoring a competitive advantage in the commodities that have and will continue to matter. That means addressing approval processes, energy costs (including small modular reactors for mines and mineral processing), not being shy about uranium, gas and coal, building on our existing mineral processing industries (alumina, aluminium, copper etc) and encouraging new green steel technologies like Element Zero. #criticalminerals #australianmining #greensteel #energytransition #ironore #copper #gold #uranium #aluminium #LNG #coal.

🛢️ Copper, a vital industrial metal, is facing a significant shortage due to surging demand and constrained supply. 🔍 Key Highlights: >>Rising Demand: Copper is crucial for various sectors, including construction, defense, electric vehicles (EVs), wind turbines, and power grids. >>Supply Challenges: Existing mines and projects under construction are projected to meet only 80% of global copper needs by 2030, as per the International Energy Agency (IEA). >>Economic and Logistical Hurdles: High-grade copper resources are scarce and difficult to find. Inflation and the elevated costs associated with developing new mines further exacerbate the supply issues. 💡 Expert Insights: >>Chris LaFemina, Jefferies: LaFemina highlights the scarcity of economically viable high-grade copper resources and the significant effort required to discover and develop these deposits. Investment Opportunities: >>Mining Stocks: Companies involved in copper mining, such as BHP and Rio Tinto, may present attractive investment opportunities due to the anticipated increase in copper prices. >>Green Energy: Investments in renewable energy technologies that rely heavily on copper (e.g., wind turbines, EVs) could also be strategic, considering the long-term demand. Strategic Planning for Businesses: >>Diversification: Companies in industries reliant on copper should consider diversifying their supply sources and investing in alternative materials or technologies to mitigate risks associated with copper shortages. >>Sustainability Initiatives: Developing recycling programs and investing in sustainable mining practices can help secure copper supply and appeal to environmentally conscious consumers and investors. Stay ahead of market trends and secure your investments by focusing on industries and companies poised to benefit from the looming copper shortage. Connect with us for expert insights and tailored strategies to capitalize on these opportunities. Source - CNBC Explore Copper industry insights and investment opportunities here at Amassing Investment: https://lnkd.in/gUp7zK4D #CopperShortage #InvestmentStrategy #MiningIndustry #GreenEnergy #MarketTrends #EconomicOutlook

Everyone is talking copper. From supply disruptions to shortfalls and geopolitical tensions, copper is a key catalyst in the world’s quest for green energy technologies. This base metal is in the spotlight thanks to a price rally that hit $10,000 last Friday for the first time in two years and the BHP bid on Anglo. But how much copper is actually being produced? Click on this article from Ahead of the Herd, for some context on the current status quo of copper and an update on how the world’s top 20 copper mines are faring: https://bit.ly/4dhGF7a #cmsolutionsmetlab #copper #batterymetals #flowsheet #testwork #mineralprocessing #hydrometallurgy #metallurgy #flotation #electrowinning

BHP 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀: 𝗵𝗼𝘄 𝗰𝗼𝗽𝗽𝗲𝗿 𝘄𝗶𝗹𝗹 𝘀𝗵𝗮𝗽𝗲 𝗼𝘂𝗿 𝗳𝘂𝘁𝘂𝗿𝗲 by Sam Farrell, Laura Whitton; Copper has shaped #human #history and #civilisation for millennia. In the 20th century, the story of #copper was inextricably linked to the rise of #electricity demand. As we harnessed electrical #power, copper became an indispensable #material, crucial to our #energy #systems and modern #technology. Through the 21st century, the #authors expect copper to remain an essential building block to #modernlife as the #world seeks to improve living standards for billions of people, transitions towards a net zero greenhouse gas (#GHG) emissions #economy, and further digitalises its #industries and #societies. In this #article, authors discuss: ✅️ Why we believe global copper demand will grow by around 70% to over 50 million tonnes (Mt) a year by 2050 and our view on how copper’s role in multiple applications will provide demand resilience. ✅️ The looming global copper supply challenge as existing copper mines age, with the pipeline of potential projects less healthy than in previous cycles. Both brownfield and greenfield projects are expected to face cost and stakeholder challenges. ✅️ Why ‘long-run marginal cost’-based inducement is still our preferred approach to forecasting price in the long run.

Predicting what drives a copper price closer to $10,000 needs to take into account a global view of influences. Can copper supply keep up with green energy supply? One thing is certain though, most long-term forecasters have ‘graphs that start in the bottom left, and end in the top right’. #energytransition #romania #copper https://lnkd.in/e8PunJmK

Six new large mines need to come online every year by 2050 to meet global copper demand, but the problem is it takes about twenty years to discover a new copper mineral deposit and get a permit to build a mine. None of this takes into consideration the upgrades to the electrical infrastructure needed to "electrify: the world by 2050”. In short, electrifying the world by 2050 is a political fantasy that will never happen.

Between now and 2050, the world will need to mine 115 percent more copper than has been mined in all of human history up until 2018, just to meet current copper needs without considering the green energy transition. To meet the copper demands of electrifying the global vehicle fleet, as many as six new large copper mines must be brought online annually over the next several decades, with about 40 percent of the production from these new mines being required for EV-related grid upgrades.