Insufficient supply of #Copper & #Metals to achieve #NetZero by 2050.

Chile & Peru account for 38% of mined copper.

US copper production has fallen by almost 50% over the past 25 years.

China occupies a central role in the entire copper value chain

Daniel Yergin comments what iDr Copper's message is for the energy transition.

"Unless solutions are found quickly, which will be challenging, insufficient supply of minerals risks short-circuiting the drive to achieve net zero by 2050."

"A host of operational challenges confront future copper supply. Copper mining is actually more concentrated than oil production. Just two countries — Chile and Peru — account for 38 per cent of mined copper. And Chile's proposed new constitution includes a provision that would make the approval process for mining more difficult.

"Obtaining permits for mines in the US is increasingly hard, which is one of the reasons US copper production has fallen by almost half over the past 25 years. Meanwhile, China occupies a central role in the entire copper value chain, with the risk of the global trade becoming enmeshed in the great power competition between Washington and Beijing."

See the whole article here:

https://on.ft.com/3uLALGX