(Kitco Mining)—Copper is increasingly viewed as a critical asset in the global energy transition. A looming supply crunch driven by high demand is elevating prices to record highs.
Hosted by Paul Harris, the Kitco Copper Masters Panel will bring together industry leaders Robert Friedland, Kathleen Quirk, and Colin Hamilton to explore why copper is positioned as one of the most crucial resources in the coming decade.
Join us live on Kitco Mining’s YouTube channel on Thursday, August 22, 2024, at 3 PM EDT / 12 PM PDT to gain valuable insights from these copper industry experts.
Market experts anticipate that the copper market will soon face a significant deficit. Projections indicate a shortfall of 5 to 8 million tonnes per year by the end of the decade as demand continues to rise. Applications tied to the energy transition, power infrastructure for electrification, data centers, and the growing needs of emerging markets such as India compete for limited copper supplies.
Despite the strong demand outlook, supply has yet to catch up. The pipeline of new development projects remains sparse as mining companies face increasing economic uncertainty, high costs, and the long lead times required for project development.
