Jack Prandelli
@jackprandelli
Copper needs $ 332bn of new mines.
Each one takes about 17 years to build.
Bloomberg new outlook sees a deficit starting in 2028 and widening to 20 million tonnes by 2050.
That’s about 44% of demand.
9 of the 10 transition metals it tracks now look covered. Copper is the odd one out.
Demand rises 61% to almost 46 million tonnes by 2050. Electric transport alone needs 11.4 million.
You can print money…. You can’t print a mine.