In its new Copper Monthly Insights, Roskill said that the ongoing surge in copper pricing is taking impetus from President Biden’s new CO2 targets.
Goldman Sachs and Robert Friedland, Founder of Ivanhoe Mines, suggest prices of US$15,000/t might be seen by 2025, due to restricted supply and bullish demand growth.
Although Chile and Peru contributed 40% of global mine supply in 2020, Roskill observed, copper production there is yet to fully recover to pre-pandemic levels.
Volumes of copper scrap imports have been declining annually since 2017.
A CNT-yarn composed of Graphene to replace copper wiring in electric motors and copper wiring in general would relieve the strain on copper pricing and improve the efficiency of electric drive trains.