Amid copper shortage, US mine approval elusive

摘要

A refrain heard over and over again during the virtual Fastmarkets Copper Seminar earlier this month was that copper demand is accelerating globally while mining supply remains short. “According to our estimates, the demand for copper - primarily driven by the transition to low-carbon energy, technologies and electrification - will go from just under 30 million tonnes per year today to about 60 million tpy by 2050," Kunal Sinha, global commercial lead at Glencore Recycling, said during a scrap-focused panel for the conference on March 12. “The mining project’s pipeline is at super-cycle lows right now," Sinha said.