Copper is expected to play a key role in the shift to electrification – for everything from electric vehicles to charging infrastructure, batteries, transmission lines and solar and wind technologies.
“We are very bullish on copper,” but an explosion in price hinges on the pace of the shift toward renewable energy, Mr. Case says. “Copper could be US$5-US$8 a pound … between now and 2030.”, which has assets in Panama and Zambia.Its Cobre Panama mine suspended operations briefly before settling a dispute in March over taxes and royalties with the Panamanian government.was rumoured to have been rebuffed in an approach to acquire First Quantum Minerals this year.Mr.
The global energy transition will require a lot of copper, but “supply is going to struggle to keep up,” says Mr. Greenspan, who co-manages CIBC Canadian Resources Fund.