Our friends at Western Copper and Gold have a mountain top of copper and gold in the Yukon. Billions of pounds of copper, millions of ounces of gold. It is a 2 billion CAPEX project which makes sense when copper is selling above $3.50.
They have commissioned Visual Capitalist to make an infographic about the looming copper shortage – and price rise by implication.
Take a minute to look at the infographic.
The only thing that’s missing in this infographic is the projected demand from India and from rapidly industrializing countries like Malaysia, Indonesia and Thailand. Where ever electricity is being brought to industry and the masses there will be a huge demand for copper. For the last two decades, China has dominated demand. That will change as emerging economies electrify.