Significant investment in copper mining is required to avoid the shortfall. Investment in copper mining is risky as current operations are near peak capacity due to ore quality and reserves exhaustion, exerting upward pressure on production costs and emissions. However, copper prices are currently high, which could encourage investors to accept a greater level of risk. “Lackluster investments in copper mining are stumping supply, as the pandemic-driven market instability encourages investors to hold on to their capital. Coupled with the ongoing issues of pandemic lockdowns, work stoppages, and delays, copper supply growth has decelerated.

Source: Libya Today January 16, 2022 14:52 UTC