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Copper|Gold|Mining
Copper|Gold|Mining
copper|gold|mining

Copper market facing shortages, says Bristow

12th January 2022

By: Bloomberg

  

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“Copper is such a strategic metal” and it “without a doubt” faces supply challenges in the coming years, Barrick Gold CEO Mark Bristow said at a mining conference in Saudi Arabia.

There’s been too little investment in the red metal and that’s already a problem for the sector as consumption rises, he said.

“We’re in for a long solid market demand for metals."

The Toronto-based company digs up copper in the west of the kingdom in a joint venture with the state miner Maaden.

“This is the first time I’ve seen the country reaching out and trying to form partnerships,” Bristow said. “It’s a great first step.”

Edited by Bloomberg

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