Aging copper mines are turning into money pits despite demand

From Mining.com

Representatives from the world’s biggest copper producers had reason to celebrate when they convened in Santiago on April 15-17 for their annual conference. Global prices for the metal have climbed about 6% over the past year, while those for lithium and nickel have taken double-digit dives.

All three have starring roles in the energy transition, the race to wean economies off planet-warming fossil fuels. But copper has a great many uses besides battery packs—it’s in indoor plumbing, cars and electrical wiring—which has helped buttress prices.