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Copper developers need even higher prices: Jefferies

Rising capex, longer lead times and the potential for higher taxes mean miners need copper prices to rise even further before committing to develop new projects, investment bank Jefferies said in a note this week.

Copper developers need even higher prices: Jefferies Copper developers need even higher prices: Jefferies Copper developers need even higher prices: Jefferies Copper developers need even higher prices: Jefferies Copper developers need even higher prices: Jefferies

"Even with the copper price recently reaching an all-time high, for example, the incentive price to build greenfield (and some brownfield) projects is still above the current price in some cases as