Copper sector reaches a tipping point

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CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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herbie1

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Copper sector reaches a tipping point

posted on Feb 20, 2021 02:45PM

Nice article,

With copper hitting a multi-year high, copper projects can finally start being pulled off the shelf.

On Friday Ashley Heppenstall, director at Lundin Mining (TSE:LUN) and chair of Josemaria Resources (TSE:JOSE), joined editor Neils Christensen, correspondent Paul Harris and mining audiences manager Michael McCrae to record Kitco Roundtable.

Up to now Heppenstall said there has been an extended period where companies did not invest in new supply. Companies were rewarded for conservatism, but the recent spike in copper prices has changed the landscape. When asked if an incentive price for moving projects forward had been hit, Heppenstall said: "we're pretty much there already."

"Boards and management need to be a little bit more aggressive," said Heppenstall, who noted a steep drop in copper supply with demand set to increase. "We are going to see more of a focus on undeveloped projects."

More here,

https://www.kitco.com/news/2021-02-19/Copper-sector-reaches-a-tipping-point.html