Copper and gold prices are poised to soar over the next decade as usage continues to climb, the world’s largest mining conference heard.
After modest copper surpluses this year and next, global demand will likely start exceeding supply in 2027, according to a forecast shared by CRU Consulting vice president Frank Nikolic on Sunday. Gold should benefit from inflationary pressures, strong central bank buying and massive US deficits for the foreseeable future, Osisko Gold Royalties (TSX:OR; NYSE: OR) CEO Jason Attew said.
The pair were part of a panel discussion at the annual Prospectors & Developers Association of Canada conference that focused on prospects for both metals.
“Copper is in crisis,” Ero Copper (TSX: ERO; NYSE: ERO) CEO David Strang said during the discussion. “If the world is going to continue to where it needs to be, we need to find more copper. Two things are going to affect that…
