The Mining Association of Canada says the total 10-year projected value of $82 billion for new projects remains nearly 50% below the 2014 level of $160 billion.
Company said copper output, which dipped to 306,000 tonnes in 2020 from 311,000 tonnes in 2019, was expected to slip further in 2021 to between 275,000 and 295,000 tonnes.
A transfer of lucrative cobalt and copper assets by the Democratic Republic of Congo’s state mining company enabled a little-known investor to make $40 million within weeks.
Current prices would seem “far too low” if governments fulfill pledges for green infrastructure and electric-vehicle incentives, Concord Resources said.
