Frank Giustra: Position in Junior Miners Before the M&A Cycle Returns.
With only a limited number of world-class copper deposits remaining, Frank Giustra warns that increasing scarcity will drive consolidation, with majors acquiring junior explorers as M&A activity picks up.
Watch the full Top of Mine interview to hear his outlook on mining M&A: https://t.co/OkH0Fg5Xnq
You just can't own enough Copper. Billionaire Robert Friedland sums it up perfectly..... You people have no idea whatsoever what we’re facing.
“We’re consuming 30m tonnes of copper a year. Only 4m tonnes of which is recycled. That means to maintain 3% GDP growth, with no electrification, we have to mine the same amount of copper in the next 18 years as we mined in the last 10,000 years, combined.
In the next 18 years, I’ve got to mine the same amount of copper as we mined the last 10,000 years. This is without any new electrification, without data centers, without solar and wind and the greening of the world economy. You people have no idea whatsoever what we’re facing.”
Today in the Times on #copper: A lack of spending on new #copper mines and a boom in demand, driven by the energy transition and the rise of artificial intelligence, could leave a supply gap of up to 35 per cent by the end of the decade, one of the world’s largest independent traders of metals has warned.
“There will be a 4.5 million tonne supply gap by the end of this decade,” Saad Rahim, chief economist at Trafigura, said. “That is like blowing a 20 million barrel-a-day hole in the oil market and yet we keep adding new sources of demand and reducing the amount of supply.”
The Maher Kalaji-moderated panel is discussing the technology needed to extract, collect and purify water on the lunar surface. There is still time to join the three-day conference online: https://t.co/7xsHhVRVQo #SpaceResWeek@ESRIC_lu@LuxSpaceAgency@esa@LIST_Luxembourg
🚨 New, absolutely incredible @NASA_Orion footage to cure your Tuesday blues! 🚨
Orion splashed down on Dec. 11, bringing the @NASAArtemis I mission to a close.
BBC: How the #UAE got a spacecraft to Mars – on the first try
"The UAE had become only the fifth nation – after the US, Russia, China and India – to reach Mars"