Copper market slump and its implications for the green energy transition
While copper’s role in the green economy is undisputed, the market is currently facing a price crunch. This has resulted in investor sentiment redirecting capital away from developing new copper mines. However, far from being a negative for the sector, Idaho Copper’s (OTC: COPR) management, which is developing the CuMo Copper Project in Idaho USA, regards this period as an opportunity, as it is likely that as global decarbonization efforts accelerate, this will leave copper in an extreme state of scarcity.