U.S. Copper Giant Warns Of A Very Serious Copper Shortage!

copper conductor for cable

On Monday, Richard Adkerson, CEO, and chairman of U.S. mining group Freeport-McMoran, the world’s largest publicly traded copper producer, said a surge in global demand for copper for the rapid rollout of electric vehicles, renewable power, and overhead cables will lead to a shortage of copper supplies. The copper shortage could slow progress on plans to electrify the global economy and reduce carbon emissions.

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