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

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.

Freeport $FCX took it on the chin today as #Copper got hit on the #Evergrande contagion

Its #Gold exposure couldn't save it from #China fears.

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MasterMetals

@MasterMetals