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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 t
by 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 agoIt'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 agoThat is somewhat reassuring, thanks for your informed perspective.