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Strategies & Market Trends : Ride the Tiger with CD

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From: Valuepro10/23/2021 12:18:43 PM
   of 304224
 
"U.S. appeals court hints at support for Rio's Resolution copper mine"

BHP in a 49 percent partner.

reuters.com

The proposed mine could produce in excess of 25 percent of US annual requirements for copper alone. Similarly, the Rosemont project of Hudbay near Tucson could produce 25 percent of US annual copper needs. Moreover, Hudbay recently announced a discovery near Rosemont that could be larger, richer, and cheaper to mine.

If all three go into production, they would supply well in excess of 75 percent of all US copper consumption for decades, to say nothing for billions of pounds of byproduct metals.

All of the above projects are subject to concentrated anti-mining efforts which may turn The Copper State (the leading producer in the US) into the Anti-Mining State. Any level of success by them will be good news for producers elsewhere, I suppose, if they are not Rio, BHP or Hudbay.

VP in AZ
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