A huge shortage of copper is looming, mining and commodities giant Glencore said in an investor update this week, reiterating warnings from other industry players and analysts that a supply crunch could slow the energy transition. Commodity shortages are looming, and significant mine development is lagging, the mining giant said in a presentation.
“There’s a huge deficit coming in copper, and as much as people write about it, the price is not yet reflecting it,” Glencore’s chief executive Gary Nagle told analysts at the…Mining Giant Glencore Sees Huge Deficit In Copper Coming
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