Posted 9/7/2023, 3:46:00 PM

CMOC Group to Boost Copper Output in Congo, Become Top 10 Global Producer

China's CMOC Group to raise copper output at its mines in Congo to 600,000 metric tons in 2023
CMOC aims to produce 450,000 tons at Tenke Fungurume mine and 150,000 tons at KFM mine next year
The increased output would make CMOC a top 10 global copper producer, surpassing Glencore
CMOC recently settled a dispute with Congo's state miner Gecamines that had blocked exports
Shipments of stockpiled copper, totaling 240,000 tons, are expected to complete by end of September

reuters.com

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9/27/2023

Copper Shortages Threaten Clean Energy Goals as Demand Soars and Mining Scrambles to Keep Up

The global demand for copper, a critical mineral in clean energy technologies, is rapidly increasing, but mining companies are struggling to keep up, posing a threat to the growth of the clean energy transition and the goal of net-zero emissions by 2050. Solutions to this problem include improving mining operations, developing new extraction technologies, and increasing recycling efforts. However, the lack of investment in new projects and potential political actions could further exacerbate the copper supply shortage.