Copper Demand Surges – Miners Can’t Keep Up
Numerous reports have come out in recent months about the looming copper supply crisis facing the globe as the electrification movement ramps up.
The global push towards renewable energy, electric vehicles (EVs), and the expansion of electricity grids is significantly increasing the demand for copper.
IMPORTANT: This video podcast was produced and disseminated on behalf of Prismo Metals Inc.
Goldman Sachs estimates that the industry needs to spend $150 billion over the next decade to address a projected annual supply shortfall of 8 million tons of copper.
Many of the world’s major copper mines are aging, and the quality of the ore they produce is decreasing. With these factors as the backdrop, it’s little surprise that copper’s price hit a new record above $5.10 per lb. in May.
Steve Robertson, a Canadian geologist with over 30 years of mining industry-related experience, joined Alexander Smith on the pod. Mr. Robertson was awarded the 2016 E.A. Scholz Award for Excellence in Mine Development for his leadership role in the development of Imperial Metals’ Red Chris mine. Today, Steve is the President of our sponsor and client, Prismo Metals (CSE:PRIZ).
This video podcast was produced and disseminated on behalf of Prismo Metals Inc. by Maximus Strategic Consulting Inc., the owner of PinnacleDigest.com and the Pinnacle Digest YouTube channel. Prismo Metals Inc. (“Prismo Metals” or the “Company”) is a client and sponsor of PinnacleDigest.com (“Pinnacle Digest” or “Maximus Strategic Consulting Inc.” or “we” or “us”) and this video podcast. Prismo Metals has paid Maximus Strategic Consulting Inc. CAD$16,000 plus GST to provide online advertisement coverage for the Company for six months. The advertising services include, but are not limited to, the production and dissemination of this video podcast. Maximus Strategic Consulting Inc. owns shares and warrants of Prismo Metals which were acquired by participating in the Company’s private placement that closed on June 19, 2024. Because we are paid by Prismo Metals, and therefore we are not independent reporters, our coverage of the Company features many of its positive aspects, and not the potential risks to its business or to investing in its stock. We cannot warrant the information contained in this video podcast to be exhaustive, complete or sufficient.
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Chapters
00:00 – Intro
01:10 – Introducing Steve Robertson
02:35 – Reasons to be Bullish on Copper
03:45 – The Lengthy Mine Discovery to Production Process
04:54 – Bright Spots in the Copper Sector
06:28 – Introducing Prismo Metals
08:11 – History of the Resolution Copper Project
11:16 – How Many Metres of Drilling?
12:16 – What does the term ‘breccia’ mean?
13:19 – History of Hot Breccia Property
14:45 – The Christmas Mine
16:04 – Next Steps
16:48 – Palos Verdes Project
18:50 – Los Pavitos
20:18 – Thoughts on Mexican Election and Mining in the Country
21:43 – Project Development Goals
22:24 – Conclusion
𝙁𝙊𝙇𝙇𝙊𝙒 𝙋𝙄𝙉𝙉𝘼𝘾𝙇𝙀 𝘿𝙄𝙂𝙀𝙎𝙏 𝙃𝙀𝙍𝙀
▷ Official Site: https://www.pinnacledigest.com/
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Sources:
https://markets.businessinsider.com/news/commodities/copper-price-best-investment-jeff-currie-commodity-metal-shortage-industry-2024-5
https://prismometals.com/wp-content/uploads/2024/05/Prismo-Metals-Presentation.pdf
About Us
https://imperialmetals.com/our-operations/red-chris-mine/overview
https://www.theglobeandmail.com/investing/markets/stocks/BHP/pressreleases/26590314/iea-warns-of-copper-supply-deficit-new-mines-needed-to-meet-surging-demand/
https://worldpopulationreview.com/state-rankings/copper-production-by-state
Ranked: The World’s Largest Copper Producers
https://prismometals.com/project/the-hot-breccia-property
https://prismometals.com/project/the-palos-verdes-property
https://prismometals.com/project/the-los-pavitos-property
