Domestic Mining Development Crucial as Copper Demand Skyrockets: Experts Say
RIORio Tinto(RIO) Prnewswire·2024-06-03 22:49

USA News Group Commentary Issued on behalf of Yukon Metals Corp. VANCOUVER, BC, June 3, 2024 /PRNewswire/ -- One of the biggest threats to the ongoing energy transition is the world's ongoing copper shortage that's set to get worse. As demand for the red metal continues skyrocketing, the International Energy Agency (IEA) predicts that existing mines and projects under construction will meet only 80% of copper needs by 2030, which is concerning as opening a single copper mine typically takes 23 years. With t ...