Three potentially significant discoveries over the past week have returned copper to the radar screens of investors, with the bonus being that demand for the metal appears to be outstripping supply, which can only mean a higher future price.
The combination of factors including the Russia-Ukraine conflict, stimulated economies, thriving post-pandemic demand, and ongoing Covid constraints on logistics have put supply chains under immense stress, triggering multiple price records for metals and mined commodities. Wood Mackenzie, a Verisk business (Nasdaq:VRSK), believes the price spikes could signal changes in the longer term. Vice president Robin .
As pressure mounts for the world to align meaningfully with the 1.5 °C global temperature rise scenario, decarbonisation is standing out as a key driver of metals and mining value. “This has strengthened our view that the mining industry now has a clear pathway towards long-term transformative demand, encapsulated by energy transition,” said Wood Mackenzie Metals and Mining Markets head Derryn Maade during the research company’s Future Facing Mined Commodities Forum webinar covered by Mining Weekly.
Transition metals risk supply crunch in 2030s pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.