The copper webinar starts off with a view towards supply, demand, and pricing, which leads into a discussion on where we can expect new supply to come from. While some see a supply surplus, others note that 79,000 tonnes really just means that the market is balanced.
The panellists note the importance of looking at the demand side especially as it relates to the green energy transition. With new demand coming on the horizon, we need to see a structural step-up in price to incentivize new exploration.
The panel looks at the impact of the pandemic on technological change and where demand dynamics have shifted as we see more government stimulus for infrastructure projects, and then more need for copper.
The Culpeo Minerals IPO is examined as it reflects market and investor sentiment today. This discussion leads into an examination of key copper mining jurisdictions of interest.
Questions from the audience bring the discussion back around to the forecasting of supply and demand, risks, structural changes to the market. We also look at ESG as it pertains to labour issues, climate, recycling/secondary life, and sustainability overall. Finally, the panel ends with projections and views for post-2025.
Jessica Fung, Head Strategist, Pala Investments
Dan Smith, Managing Director, Commodity Market Analytics
Max Tuesley, Managing Director, Culpeo Minerals