Copper miners glimpse the future they’ve long seen coming

From Mining.com

For much of the past decade, there’s been a widely accepted orthodoxy in the mining industry that copper is the place to be.

Its champions have pointed to a likely explosion in demand as the global economy electrifies and decarbonizes, while fresh supply has looked increasingly scarce.

Instead, the metal has largely been overshadowed by old-industry stalwarts such as iron ore and coal, which have driven record profits for mining’s biggest names in recent years.

Yet a supply shock and growing confidence in an economic recovery are now seeing copper take center stage.