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Copper in flux

Resilinc

Less than four months ago, copper was setting record prices and experts were forecasting long-term supply gaps due to a collision between the growing demand for copper in clean-power technologies and the cost and difficulties of developing new mines. It’s just an impossibly tight future.”. Meeting this demand, without jeopardizing U.S.

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An update on copper

Resilinc

Freeport McMoran, the second largest copper producer globally, reported in its latest quarterly: “While we recognize the near-term volatility in our markets, we are optimistic about our portfolio of assets, our strong management and operating teams, and the long-term prospects for the copper markets we serve.”.

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Demand for low-carbon metals heats up

Resilinc

This is due to their importance for manufacturing advanced batteries, electric vehicles, wind turbines and other green technology, and because of the extent to which China, Russia, and countries with poor ESG regulations—like the Democratic Republic of Congo, the largest source of cobalt—dominate mining and production of these materials.