Copper prices need to stay high to ensure new mine investment: fund managers

摘要

Copper prices need to remain near current levels or higher to ensure sufficient investment in new mine projects moving forward amid rising demand, metals sector investors said during an April 19 webinar. Long-term incentive prices of $3.18/lb, or $7,010/mt, may currently be needed to ensure investment flows into new copper projects, because of their high costs of development, Georges Lequime, portfolio manager of Amati Strategic Metals Fund, said during a mining investment webinar hosted by 121 Group, an investor relations group.