4 ms·

i might have missed it in the article but it seems the issue is that there arent enough mines coming online to meet the new demand NOT that we dont have enough

by jti107 4y ago

i might have missed it in the article but it seems the issue is that there arent enough mines coming online to meet the new demand NOT that we dont have enough copper. it is about the same abundance as zinc and nickel. this is where the free market should help, if the price goes up enough it should incentivize companies to open more mines and possibly innovate new mining methods.

nick__m 4y ago
the article address that : While there is enough copper in the world, geologically speaking, to supply the increased demand, there isn’t enough time. It takes 10 to 15 years to get a new copper mine through permitting and construction. Twenty years is not unusual for very large projects.
- defrost 4y ago
  It's mining dot com trumpeting the S&P Mineral Intelligence position on the recent independant Copper position report .. anticipatinting a potential crunch in 15 years if not averted now by investment in developing projects. The average time figure quoted is best read as "typically, in the absence of the demand we see ramping up now..." and reflects a typically sedate pace for mineral projects which have 50+ year lifespans with trannational owners who overlap exploration, development, and production. The industry voice here is for Cu projects to accelerate. ( FWiW 14+ years back I wrote a chunk of the backend of what was sold on to become S&P Min.Intell. https://www.spglobal.com/marketintelligence/en/campaigns/metals-mining https://www.spglobal.com/marketintelligence/en/campaigns/met... )
  - nick__m 4y ago
    That is somewhat reassuring, thanks for your informed perspective.
EMM_386 4y ago
The article is on mining.com, there is a section about mining :) > In B.C., there are currently two mine expansion proposals that are close to having final investments decisions made, Goehring said – Highland Valley Copper and Red Chris — and two proposed new mines: the KSM gold-copper mine and the Galore Creek copper mine. etc.
- liketochill 4y ago
  Highland valley and red Chris are both operational mines already so it must be expansion

by jti107 4y ago

nick__m 4y ago

the article address that : While there is enough copper in the world, geologically speaking, to supply the increased demand, there isn’t enough time. It takes 10 to 15 years to get a new copper mine through permitting and construction. Twenty years is not unusual for very large projects.

defrost 4y ago
It's mining dot com trumpeting the S&P Mineral Intelligence position on the recent independant Copper position report .. anticipatinting a potential crunch in 15 years if not averted now by investment in developing projects. The average time figure quoted is best read as "typically, in the absence of the demand we see ramping up now..." and reflects a typically sedate pace for mineral projects which have 50+ year lifespans with trannational owners who overlap exploration, development, and production. The industry voice here is for Cu projects to accelerate. ( FWiW 14+ years back I wrote a chunk of the backend of what was sold on to become S&P Min.Intell. https://www.spglobal.com/marketintelligence/en/campaigns/metals-mining https://www.spglobal.com/marketintelligence/en/campaigns/met... )
- nick__m 4y ago
  That is somewhat reassuring, thanks for your informed perspective.

EMM_386 4y ago

The article is on mining.com, there is a section about mining :) > In B.C., there are currently two mine expansion proposals that are close to having final investments decisions made, Goehring said – Highland Valley Copper and Red Chris — and two proposed new mines: the KSM gold-copper mine and the Galore Creek copper mine. etc.

liketochill 4y ago
Highland valley and red Chris are both operational mines already so it must be expansion