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30 Nov
16:40

COPPER: Global market heads to supply shortage on EV growth

The global copper market is heading into “multi-year deficits” driven by secular demand growth in renewables and electric vehicles (EVs), according to analysts at Jefferies. In a research note sent to Kallanish, the analysts estimate “significant” supply shortages starting next year, leading to higher prices, which in turn will incentivise investment in new mines capacity. Yet, with a development timeframe of more than 7 years, developers…
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