CHARTS: Copper price bulls bring back $10,000 forecasts
While plummeting spot TC/RCs – from $90+ to $3 – are behind the (already fizzling) rally, copper’s long term supply problems are also firmly back in focus.
IDTechEx forecasts that graphite will remain the most widely used anode material in Li-ion batteries through the medium term with demand exceeding 2 million tonnes by 2029.
Initial assessments indicate a potential inclusion of approximately 17.5 million tonnes of mineralized material from the Roger deposit into Opemiska's open pit development strategy.