Ivanhoe Mines Ltd (IVPAF)

[JB3729]

It looks like the coming bullish copper cycle will be off the charts and that it could last a decade or more.


Currently, copper production is less than 20-million tonnes a year.

The introduction of electric cars to clean the air will require 120-million tonnes of copper a year.

In the last three years, the world has increased copper production by an average of 328 000 t a year.

From now on, the world would need 6.4-million tonnes of new copper production a year just to maintain where the world is headed.

But the mining industry was not even close to finding the copper to clean the air.

The industry is mining about 16% of the copper required.

http://www.miningweekly.com/article/enormous-global-demand-on-way-for-copper-platinum-zinc-friedland-2017-02-08