A copper supply deficit is forecast to blow out in the years ahead, intensifying competition between global mining companies for exposure to the metal that is in high demand for its vital role in electrification.
Big miners including BHP, Rio Tinto, Glencore and Fortescue have all scrambled to secure access to copper amid expectations that the global economy’s electrification – from the rise of electric vehicles to renewable energy generation – will send demand for the conductive metal soaring.
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