Copper demand has pushed prices to their highest level since 2022 thanks to a confluence of increased government intervention, as highlighted by First Quantum Mining’s travails in Panama, and a rapid ramp up in the global energy transition, which requires copper for EV batteries, wind turbines and solar farms, in addition to its widespread uses in power lines, appliances, medicine, industrial machinery and more.
A more than 30 per cent price increase since February has lifted junior miners levered to the metal, bringing market awareness to the vast and numerous price-value dislocations in the space. The most attractive among these opportunities are being obscured by investor conservatism lingering from recently high inflation, despite their high-quality assets, multi-billion-dollar generational tailwind, and multiple years of room to run, as exploration-stage projects lead to resource delineation, feasibility…
