- The International Energy Agency predicts that existing and planned mines will only meet 80% of global copper needs by 2030
- Torr Metals is developing two highly prospective copper-gold projects in Canada, one of the most mining-friendly and infrastructure-rich jurisdictions in the world
- In June, Torr Metals released the newest exploration data from Kolos in the Quesnel Terrane, a mining district in south-central British Columbia
- Several active mines operate within the Quesnel Terrane, including the four largest copper producers in Canada, being the Highland Valley, Gibraltar, Copper Mountain, and Mount Milligan mines
Copper, a critical metal nicknamed an “economic barometer” due to its multitude of uses that reflect the financial health of countries, is experiencing a spike in demand owing to vows for global electrification. Copper demand on a historical level – construction plumbing and wiring, transportation, power and communications transmission – remains strong, with added demand now for use in electric vehicles, charging stations, renewable energy, and the electric grid itself.
The situation has significant upside potential for companies big and small that are making investments in future copper production, including…
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