Copper Supply Crunch Looms as Projects Stall Despite Rising Demand
• Primary copper supply will "start to fall off a cliff" in 2025 • Copper price isn't high enough yet to incentivize new mine builds; $6-$8/lb needed • Capital costs to bring on new copper projects very high due to inflation • Hot Chili advancing Costa Fuego copper project in Chile with key advantages • Project has water license, marine concession, low elevation, power/road access