Copper mining project must be suspended, Ecuador court rules
The Imbabura provincial court said a 2014 environmental license and other permissions given for the Llurimagua project do not comply with proper parameters.
Unless there’s been a major decoupling of copper, zinc, nickel, aluminum prices and Chinese manufacturing activity, declines of as much as 40% may be in the offing.
2021 saw a surge in new electrodeposited copper foil manufacturing capacity – just one use leading to a 5-fold increase in copper demand from EVs over the next decade.