The Canadian market tumbled Tuesday morning on heavy selling in materials and energy stocks, and despite regaining some lost ground subsequently, ended the day's session notably lower.
The Canadian market tumbled Tuesday morning on heavy selling in materials and energy stocks, and despite regaining some lost ground subsequently, ended the day's session notably lower.
Goldman Sachs is projecting electricity demand to rise approximately 2.4% from 2022 to 2030, with data centers representing the largest growth segment.
With copper demand expected to increase from 28.3-million tonnes in 2020 to 41-million tonnes by 2040 at a compound yearly growth rate of 1.85%, and many regions gearing up supply chains for critical metals, JSE & ASX-listed Orion Minerals CEO and MD Errol Smart says it will be the responsible mining companies that will rise to the demand challenge and be competitive in the market.
Copper mining sites globally have “less than satisfactory” environmental and social management practices, but funders and offtakers are increasingly supporting mining companies with solid environment, social and governance (ESG) credentials, he tells Mining Weekly.