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More than US$100 billion in investment is needed to build new copper mines to fill the supply gap, Erik Heimlich, head of base metals supply at CRU told delegates at the 2022 CRU World Copper Conference.
Copper leaders gather at CRU World Copper Conference in Santiago, Chile
With an estimated 6 million tonnes per year supply gap forecast over the next 10 years Heimlich questioned whether the current pipeline of projects is able to respond given the bigger scale
Prices for critical minerals to stay high
CRU questions copper supply response
9.7Mt new copper supply needed - WoodMac
$15,000 copper needed to spur new supply
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