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Strategies & Market Trends : The Financial Collapse of 2001 Unwinding -- Ignore unavailable to you. Want to Upgrade?

To: Elroy Jetson who wrote (3806)	10/28/2019 4:23:29 AM
From: elmatador	1 Recommendation Recommended By 3bar Respond to of 13801

A recent report from Wood Mackenzie states that copper consumption is expected to grow 250% by 2030, due to the implementation of 20 million electric vehicle charging points. Zambia will need a lot of energy. Analysts have apparently ‘penciled in’ disruptions of 1.2 million tonnes this year that will be stripped from the copper market, likely resulting in higher prices. That number could rise much higher, if not this year, in future, due to the location of un-developed copper orebodies. A recent study at the University of Queensland found that a majority of 600 copper, iron and bauxite orebodies examined by the Sustainable Minerals Institute, are in places vulnerable to environmental, social and governance (ESG) challenges. Each of the orebodies was judged against eight risks: waste, water, biodiversity, land uses, indigenous peoples, social vulnerability, political fragility, and approval and permitting. The study found “The majority of the 296 copper orebodies, 324 iron orebodies and 50 bauxite orebodies we examined are in complex ESG contexts which could either prevent, delay or disrupt mining operations,” and that 65 percent are in regions subject to medium to extremely high risk of water scarcity. oilprice.com