Desperately Seeking #Copper

We've known #Copper Production from existing mines has been set to fall sharply in the coming years, but it's just now we're realizing that, the "coming years" of the past, is today's present and immediate future… 😳

Miners need to spend more than

#BHP’s Bid for #AngloAmerican is Laden with Potential Pitfalls & Challenges…

Buying $AAL.L means $BHP would gain access to 3 of world’s largest #Copper mines.

Merger would improve BHP’s exposure to copper by ~40%—and more significantly—give it 10% of global copper production.

This, however, is likely to lead to significant anti-trust/competition scrutiny in Peru and Chile—not to mention South Africa. 

Top 20 #Copper Mines

To make the list, the cut-off for 2022 was 245kt, versus 232kt in 2021 and 221kt in 2020. The order of the mines also changed, with mention going to Codelco’s Chuquicamata which saw production fall from 319kt in 2021 to 268kt in 2022, but it was not the only one with declining output.

Things ain't looking pretty for #Miners $RIO & $BHP

Those juicy yields are now at over 10% for both @RioTinto & @BHP.

See more Mining Stocks here.

@TradingView

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MasterMetals

@MasterMetals

#EV's: Electric-Car Dreams Could Fall a #Nickel Short

 

There is a risk a long-term surge fueled by electric vehicles could again drive innovation and bring nickel down to earth. Still, many miners and analysts are skeptical on the options for swapping out
nickel, at least for the next decade or so.

Global producers of electric cars have big ambitions and a bigger problem: Supplies of a key material, nickel, are lacking.





Electric-Car Dreams Could Fall a Nickel Short