Piers Montgomery, Principal Analyst, Base Metals Supply at CRU joined 121 Mining Investment Sydney to share the outlook for copper. He first touches on the structural shifts in demand, pointing to the impact of the energy transition on this.
Looking at supply gaps, Piers notes the impact of the pandemic and how, as a result, more miners were focusing on short-term plans. He also points to the social unrest in parts of South America disrupting the mining industry.
Looking at new mine projects and mine development, Piers points out where the ramp ups are taking place and how that’s impacting the supply outlook. Finally, in looking at how to fill the supply gaps, Piers notes there are new potential projects out there, but there remains a need for more Tier 1 projects.
Questions from the audience add to the discussion on risks, ESG, pricing, and more.
Website: www.crugroup.com
Guest:
Piers Montgomery, Principal Analyst, CRU
Mining investment news, insights, and company profiles
Analyst Insights: Outlook for Copper – Piers Montgomery, CRU
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