Higher copper prices needed to build new supply, Freeport president says

June 11, 2021 / www.metalbulletin.com / Article Link

Mining companies will need to see higher copper prices before they fell any incentive to push forward with new projects, the chief financial officer of US producer Freeport-McMoRan has said.

Higher prices will also be needed to attract more sources of copper scrap, Kathleen Quirk told Deutsche Bank's 12th annual global basic materials virtual conference on Thursday June 10.
"We believe we'll have to see higher prices to incentivize new mine supply, in addition to higher prices to attract more sources of scrap," Quirk said, who is also Freeport's president.

"The supply side has become more challenging. If you go back 10 years and look at the number and size of projects that were available to...

Recent News

Monetary-driven precious metals outperform major base metals

September 09, 2024 / www.canadianminingreport.com

Gold stocks hit by plunging equities markets

September 09, 2024 / www.canadianminingreport.com

Gold stocks down as metal and equities momentum fades

September 02, 2024 / www.canadianminingreport.com

Another Kazatomprom guidance announcement shakes uranium price

September 02, 2024 / www.canadianminingreport.com

Major monetary drivers still supporting gold

August 26, 2024 / www.canadianminingreport.com
See all >
Share to Youtube Share to Facebook Facebook Share to Linkedin Share to Twitter Twitter Share to Tiktok