It doesn’t understand that a massive copper deficit is coming.” The world will stop without the additional copper supply but the price of copper is not reflecting it. In March, Orion, headed by Boksburg-born CEO Errol Smart, announced a funding package that introduced Clover Alloys as a new key shareholder for Orion. Clover Alloys is a privately owned South African mining group headed by South African mining stalwarts Philip Kotze and Adam Fleming. This assumes that Clover Alloys chooses to follow all its rights and similarly assumes that all other shareholders exercise their options to participate. S2 Research enhances the values of the exploration assets in Orion’s portfolio by referencing copper mining peer Copper360, which listed on the JSE in April.

Source: Forbes November 06, 2023 12:16 UTC