Copper bulls see $12,000/t on energy transition

EXPERTS can’t work out how much copper the world will need by 2040. It’s not uncommon for analysts and miners to disagree over forecasts that will affect the bottom line of producers, but bulls and bears in the copper space only differ on how far electrification will go.

Copper bulls see $12,000/t on energy transition Copper bulls see $12,000/t on energy transition Copper bulls see $12,000/t on energy transition Copper bulls see $12,000/t on energy transition Copper bulls see $12,000/t on energy transition

Copper experts told Mining Journal Select London the metal would soon go on a tear

Bernstein analyst Paul Gait said at Mining Journal Select London miners would need to equal total global copper production to this point just in the next 20 years to meet demand.