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Copper|Mining|Weir
Copper|Mining|Weir
copper|mining|Weir

Trafigura CEO says copper must surpass $10 000/t to meet demand

Jeremy Weir

Jeremy Weir

17th April 2024

By: Bloomberg

  

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In order to fill a potential supply gap of eight-million tons by 2034, mining companies need prices that are higher than $10 000/t and possibly as high as $12 000/t, says Trafigura Group CEO Jeremy Weir.

Weir made his comments Tuesday during a presentation at the CRU World Copper Conference in Santiago, where the copper industry is gathering for one of the industry’s biggest annual events.

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Edited by Bloomberg

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