Additional tonnage from new projects and expansion in central Africa, Peru, Chile and Mongolia coming on stream through 2024 will keep the market well-supplied, said BHP. miningnews
based on 2021 attributable production of just over 1 million tonnes, warned of further price weakness over the medium term. Additional tonnage from new projects and expansion in central Africa, Peru, Chile and Mongolia coming on stream through 2024 will keep the market well-supplied, said BHP, the world’s number one mining company by revenue.
However, from the mid-to-late 2020s prospects are significantly better according to Huw McKay, Vice President, Market Analysis & Economics. That is due to what BHP calls the ““A “take–off” of demand from copper–intensive easier–to–abate sectors is expected to be a key feature of industry dynamics from the second half of the 2020s forward: if not earlier.
“It is notable that while there has been some activity in the project space, the response has been timid when you consider both the very strong prices we have observed and copper’s future–facing halo effect. The company’s internal estimates show that in a plausible upside case for demand, the cumulative industry wide capex bill out to 2030 could reach $250 billion.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Megan Thee Stallion Promotes Her Album in a Crop Top and Short ShortsMegan Thee Stallion posed in a three-piece Jean Paul Gaultier set consisting of a cropped shirt, booty shorts, and a headscarf.
Read more »
'Top Gun: Maverick' Gets Vudu Release Date With High-Flying Bonus FeaturesTopGunMaverick is soaring onto VuduFans next week, featuring a boatload of high-flying bonus features.
Read more »
NY, NJ listed among America's top 5 states to live in, but which is best?Both New York and New Jersey are ranked among the five best states to live in, but which one managed to finish higher than the other?
Read more »
As LIV Golf looms, Tiger Woods to meet with top PGA Tour playersThe second leg of the FedEx Cup playoffs at Wilmington County Club is without four of the top nine finishers at last year's event, as players defect to the Saudi-backed LIV Golf circuit.
Read more »
'When You’re Humble and Have Humility - You Rise to the Top' | HackerNoonMichael Gaizutis is the Founder of RNO1 – Experience Design Agency for Tech & Web3 Brands of the Future.
Read more »
Top 10 best car washing tools | AutoblogIf you're looking to take your car washes to the next level, check out this list of the 10 best car washing accessories, as recommended by a pro detailer.
Read more »