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Rio forecasts 6Mt copper shortfall

The world will need an extra four to six million tonnes of copper by 2025, the equivalent of half a dozen Oyu Tolgoi mines, according to Jean-Sebastien Jacques, head of Rio’s copper and coal business.

Speaking at a conference on Mongolian business opportunities, organised by the London Stock Exchange, Jacques said: “Due to falling grades and mine depletions, there will be a copper production