Kutcho Copper Corp.’s Post

Copper Demand Set to Soar 70% by 2050 (𝘈𝘯𝘥 𝘵𝘩𝘦 𝘴𝘤𝘢𝘭𝘦 𝘪𝘴 𝘶𝘯𝘱𝘳𝘦𝘤𝘦𝘥𝘦𝘯𝘵𝘦𝘥) Copper is the backbone of electrification and green energy. By 2050, global demand is forecast to rise by 22.1 𝐦𝐢𝐥𝐥𝐢𝐨𝐧 𝐦𝐞𝐭𝐫𝐢𝐜 𝐭𝐨𝐧𝐬. A staggering 70% 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞, according to BHP’s latest report. To put this into perspective, meeting this demand would require the equivalent of 16 𝐧𝐞𝐰 𝐄𝐬𝐜𝐨𝐧𝐝𝐢𝐝𝐚 𝐦𝐢𝐧𝐞𝐬 (the world’s largest copper mine, operating at full capacity.) The Challenge: The copper industry is facing mounting pressures: ➜ Declining Discoveries: Large-scale copper finds are increasingly rare. ➜ Longer Lead Times: Average time from discovery to production now exceeds 17.9 years, due to exploration, permitting, and financing hurdles. This growing supply-demand gap underscores an urgent call for innovative solutions and significant investment. 𝐇𝐨𝐰 𝐰𝐢𝐥𝐥 𝐰𝐞 𝐦𝐞𝐞𝐭 𝐭𝐡𝐢𝐬 𝐝𝐞𝐦𝐚𝐧𝐝? Copper remains irreplaceable in the global push for sustainability: ➜ Powering Green Energy: Wind, solar, and power grid upgrades require significant copper. ➜ Fueling Electric Vehicles: EVs consume 2-4 times more copper than traditional vehicles. Without bold strategies, sustainable practices, and collaboration, we risk falling short of the material needs that drive decarbonization and innovation. This is a pivotal moment for the mining industry. How do you see this challenge shaping the future of copper? Image from MiningVisuals Article, linked in comments 👇 Like and Follow Forte Minerals Corp. for the latest company updates and market insights. CSE: CUAU | OTCQB: FOMNF | Frankfurt: 20A -- 𝘕𝘰𝘵𝘦: 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘈𝘭𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴 𝘪𝘯𝘷𝘰𝘭𝘷𝘦 𝘳𝘪𝘴𝘬𝘴. 𝘊𝘰𝘯𝘴𝘪𝘥𝘦𝘳 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵𝘢𝘭, 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺, 𝘢𝘯𝘥 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘧𝘢𝘤𝘵𝘰𝘳𝘴 𝘢𝘯𝘥 𝘤𝘰𝘯𝘴𝘶𝘭𝘵 𝘢 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭.

𝐓𝐡𝐞 𝐰𝐨𝐫𝐥𝐝 𝐫𝐮𝐧𝐬 𝐨𝐧 𝐜𝐨𝐩𝐩𝐞𝐫. (But what's dictating its price in 2024?) Supply, demand, and global forces—and more. Swipe through our carousel to learn the top 10 factors influencing copper prices in 2024: ➜ Global economic growth, especially in construction, manufacturing, and infrastructure. ➜ China's performance, driving 55% of global copper demand. ➜ Supply constraints from mine disruptions and operational challenges. ➜ Green energy transition fueling demand for copper in renewable tech & EVs. In May 2024, copper hit a record high of US$5.20 per pound, fueled by supply concerns and the green energy boom. Analysts project continued strength, with prices potentially reaching US$12,000 to US$15,000 per metric ton by 2026. Understanding these drivers and keeping an eye on global trends is key for investors. 𝘔𝘢𝘯𝘺 𝘫𝘶𝘯𝘪𝘰𝘳 𝘮𝘪𝘯𝘪𝘯𝘨 𝘤𝘰𝘮𝘱𝘢𝘯𝘪𝘦𝘴 𝘢𝘳𝘦 𝘱𝘰𝘴𝘪𝘵𝘪𝘰𝘯𝘦𝘥 𝘵𝘰 𝘤𝘢𝘱𝘪𝘵𝘢𝘭𝘪𝘻𝘦 𝘰𝘯 𝘵𝘩𝘪𝘴 𝘵𝘳𝘦𝘯𝘥, 𝘢𝘴 𝘵𝘩𝘦𝘪𝘳 𝘦𝘹𝘱𝘭𝘰𝘳𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘥𝘦𝘷𝘦𝘭𝘰𝘱𝘮𝘦𝘯𝘵 𝘱𝘳𝘰𝘫𝘦𝘤𝘵𝘴 𝘸𝘪𝘭𝘭 𝘣𝘦 𝘤𝘳𝘪𝘵𝘪𝘤𝘢𝘭 𝘵𝘰 𝘮𝘦𝘦𝘵𝘪𝘯𝘨 𝘧𝘶𝘵𝘶𝘳𝘦 𝘴𝘶𝘱𝘱𝘭𝘺 𝘥𝘦𝘮𝘢𝘯𝘥𝘴. 𝙇𝙞𝙠𝙚 if you're bullish on copper. 𝙁𝙤𝙡𝙡𝙤𝙬 ➡ Forte Minerals Corp. for the latest company updates and market insights. #TheFutureIsCopper --- 𝘕𝘰𝘵𝘦: 𝘛𝘩𝘪𝘴 𝘪𝘴 𝘯𝘰𝘵 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵 𝘢𝘥𝘷𝘪𝘤𝘦. 𝘈𝘭𝘭 𝘪𝘯𝘷𝘦𝘴𝘵𝘮𝘦𝘯𝘵𝘴 𝘪𝘯𝘷𝘰𝘭𝘷𝘦 𝘳𝘪𝘴𝘬𝘴. 𝘊𝘰𝘯𝘴𝘪𝘥𝘦𝘳 𝘦𝘯𝘷𝘪𝘳𝘰𝘯𝘮𝘦𝘯𝘵𝘢𝘭, 𝘳𝘦𝘨𝘶𝘭𝘢𝘵𝘰𝘳𝘺, 𝘢𝘯𝘥 𝘰𝘱𝘦𝘳𝘢𝘵𝘪𝘰𝘯𝘢𝘭 𝘧𝘢𝘤𝘵𝘰𝘳𝘴 𝘢𝘯𝘥 𝘤𝘰𝘯𝘴𝘶𝘭𝘵 𝘢 𝘧𝘪𝘯𝘢𝘯𝘤𝘪𝘢𝘭 𝘱𝘳𝘰𝘧𝘦𝘴𝘴𝘪𝘰𝘯𝘢𝘭.

Can the Copper Industry Rise to Meet the Energy Transition Challenge? The energy transition is fueling an unprecedented surge in copper demand, but can the industry keep up?  BHP report [2] states that the “global copper demand will grow…70% to over 50 Mt per annum by 2050” (+22.1 Mt) while a recent S&P Global article [1] pointed out that the “average lead time from discovery to production has increased to 17.9 years”. This delay, coupled with a myriad of complex challenges such as: * Declining ore grades,  * Stricter (and essential) ESG requirements,  * Complexities in securing capital,  * The growing role of recycling markets,  * Copper-to-aluminum substitution due to cost dynamics, and  * Uncertain carbon pricing policies, ...paints a concerning picture of the industry's ability to close the looming supply gap. What needs to change to address these challenges and ensure a sustainable copper supply for the energy transition? I’d love to hear your thoughts—whether you're in mining, project development, or a related sector. #justtransition #copper #criticalminerals   [1] https://lnkd.in/e2ijCgnM [2] https://lnkd.in/ezketUBC

S&P Global's new report on U.S. mine development timelines offers a sobering, data-driven view on the herculean effort it takes to bring a copper mine online in America. Not only does the U.S. have the second longest mine development timeline in the world, copper mines in particular are also one of the slowest to develop compared to other critical minerals. Copper’s inclusion on the USGS #CriticalMinerals list would open up opportunities for investment in production, refining, and recycling as well as expedited permitting – all are needed, along with continued imports from reliable trade partners, in an “all-of-the-above” approach to secure U.S. supply for the metal of electrification. https://lnkd.in/ebXRbq28

🚨 Benchmark begins copper coverage… Very excited to be finally expanding our coverage into the copper market. There is no doubt copper is the commodity of the energy transition. In simple terms: copper moves energy, lithium stores it. A copper ecosystem drivers everything electric. A lithium ecosystem drives everything energy storage. A critical minerals ecosystem supports the entire infrastructure: nickel, cobalt, graphite, manganese, rare earth elements At Benchmark, we’ve always wanted to collect data and analyse the copper market for many years. We’ve taken our time to amass a world class copper team - our biggest investment into our data and analyst team ever! We are just beginning. Learn more, contact us on the forms at the bottom of these free to read stories: 🟡 Benchmark shares 7 key takeaways from CESCO Week Santiago https://lnkd.in/euU6-TPY 🟡 Copper underpins BHP’s $39 billion Anglo American takeover offer https://lnkd.in/e2FVU44H Benchmark Mineral Intelligence

BHP recently released a report highlighting the significant impact of the energy transition on copper demand. The report forecasts a one million tonnes per year increase in copper demand until 2035, driven by the surge in copper-intensive technologies. This surge has already led to a doubling of the global copper production rate. Titled 'BHP Insights: how copper will shape our future', the report reveals that global copper demand has shown a 3.1% compound annual growth rate over the past 75 years. Although this growth rate slightly slowed to 1.9% in the 15 years leading up to 2021, BHP anticipates a resurgence with a projected CAGR of 2.6% by 2035. For further insights, you can read the full article here: https://lnkd.in/gVBxjbqz #miningtechnology #mineaustralia #BHP #CopperDemand #EnergyTransition #GlobalProduction #CopperIntensiveTechnologies #IMARC #bradwtaylor

Oroco Resource Corp's Santo Tomas project is a multi-billion pound (8.56 billion pound/3.9 million tonnes) copper resource. Per a PEA released in late 2023, it's a >100,000 tonne Cu/annum asset, with low production costs due to a low strip ratio (1.1:1), good metallurgy and excellent access to infrastructure. It enjoys local and State support and is located in one of the world's top mining jurisdictions and just 160 km to a deepwater port. Santo Tomas is connected to that port via sealed roads and a railway, both of which pass <20 km from the property. Nearby hydro power and the regions excellent solar potential mean that Santo Tomas can be a low carbon, future facing copper producer. It's a big, buildable project, with a multi-billion dollar NPV. PEA optimization is underway and is expected to be completed mid-2024 and to deliver gains on the previously reported metrics. To borrow from Goldman Sachs 2022 commodity research, copper is the new oil (a term borrowed by Canada's Globe and Mail this weekend: https://lnkd.in/e5Hi52gu). And to borrow from RFC Ambrian's excellent 2018 research titled "The Cupboard is Nearly Bare," after decades of decline in the rate of discovery of new copper resources and declining quality of the world’s big copper producers, there are vanishingly few big, viable, copper deposits available to he put into production to meet growing future demand for the metal. Since the publication of that research, future copper demand has come into increased focus, with renewable energy, electrification, decarbonization targets and trillions of dollars of spending planned and incentivized in all major economies, all supportive of higher levels of copper intensity. AI and rapid growth of copper consumption in the world's most populous country, India, look to further grow copper demand beyond levels already understood to challenge markets. Supply is sticky, demand is on an inexorable upward trajectory, and prices of the metal have start rising but are still just in the “the foothills of what will be its Everest” (Goldman Sachs). Assets like Santo Tomas carry tremendous leverage to copper prices, with current copper prices leading to a near doubling of its NPV (per the Sensitivity table contained in the NI 43101 published in December 2023) vs that calculated at $3.85/lb copper. Recent M&A has provided compellingly high valuations for copper assets. Arrange a meeting at https://lnkd.in/g-p_hpRf and I'd be pleased to discuss those valuations relative to Oroco's Santo Tomas project.

Countries with the Largest Copper Production in 2023: In 2023, global copper mine production continued to rise, driven by increasing demand from key sectors like renewable energy, electric vehicles, and infrastructure. Chile remained the world's top copper producer, contributing around 22.7% of the global supply, despite challenges like declining ore grades and environmental restrictions. Other key players in the copper market, such as Peru, Democratic Republic of Congo (DRC), and China, also made significant contributions. The DRC saw substantial growth due to heavy investments in mining infrastructure, while China solidified its position as a top consumer and refiner of copper. The U.S. and Australia maintained their roles as major copper producers, focusing on expanding production and refining capacity in their key mining regions. As global demand continues to rise, copper remains a critical resource for future development in green energy and advanced technologies. Read the full article to learn more: https://lnkd.in/dv-VR-d7 #Copper #Mining #EnergyTransition #Sustainability #GlobalMarkets #RenewableEnergy #EVs

United States coal producer Peabody ($3 billion market value) has announced to buy 4 Anglo American steelmaking coal assets in Australia for $2.3 billion, and additional $1 billion contingent payments subject to future events.  The 4 metallurgical coal mines are Moranbah North, Grosvenor, Aquila & Capcoal, and located in Australia Bowen Basin.  Read - https://lnkd.in/gSKDKz2t follow Caproasia | Driving the future of Asia United States coal producer Peabody ($3 billion market value) has announced to buy 4 Anglo American steelmaking coal assets in Australia for $2.3 billion, and additional $1 billion contingent payments subject to future events.  The 4 metallurgical coal mines are Moranbah North, Grosvenor, Aquila & Capcoal, and located in Australia Bowen Basin.  Peabody (25/11/24): “Peabody (NYSE: BTU) today announced it has agreed to acquire world-class steelmaking coal assets from Anglo American plc in a transaction that meaningfully accelerates Peabody’s strategy to reweight its global coal portfolio toward seaborne metallurgical coal. The transaction is expected to close mid-2025, subject to customary closing conditions. In consideration for the transaction: 1) Peabody has agreed to pay cash of $2,320 million, comprised of cash of $1,695 million at closing and deferred payments of $625 million payable in four annual installments commencing on the first anniversary of the completion date. 2) Peabody has also agreed to further contingent payments of up to $1.0 billion, subject to potential favorable future events. 3) Proceeds to Anglo American would also include $455 million made possible by the acquisition of Dawson Mine by PT Bukit Makmur Mandiri Utama in a back-to-back transaction … …The acquisition includes four metallurgical coal mines – Moranbah North, Grosvenor, Aquila, and Capcoal – located in Australia’s Bowen Basin, which is widely recognized for the world’s highest-quality steelmaking coal. Approximately 80 percent of the mines’ output is hard coking coal. The mines are complementary to Peabody’s existing Australian platform, including Centurion Mine, and are expected to produce approximately 11.3 million tons of primarily hard coking coal in 2026. The acquired mines have an average mine life greater than 20 years with 306 million tons of marketable reserves and an additional 1.7 billion tons of coal resources.  The acquisition is expected to transform Peabody’s metallurgical coal segment, increasing metallurgical coal production from an estimated 7.4 million tons in 2024 to an expected 21 – 22 million tons in 2026.”