Miner First Quantum's preferred commodity is copper and is looking for new mines as it forecasts a supply shortage by decade end

Gavin Wendt

MineLife

Miner First Quantum's preferred commodity is copper and is looking for new mines as it forecasts a supply shortage by decade end. Bloomberg reports that First Quantum Minerals Ltd., which agreed to buy an Argentinian copper project last month, is on the lookout for more deals as it sees a supply shortage of the metal by the end of the decade. Copper remains our favorite long-term commodity, Clive Newall, president of the Vancouver-based company, said in an interview in London. The supply constraints are really going to start to hit home later in this decade and the supply-demand balance is going to roll over at some point in the not-too distant future. The copper industry is faced with long-term challenges of rising costs and declining grades, similar to most other commodities.


Gavin Wendt
Gavin Wendt
Founding Director
MineLife

Gavin has been a senior resources analyst following the mining and energy sectors for the past 25 years, working with Intersuisse and Fat Prophets. He is also the Executive Director, Mining & Metals with Independent Investment Research (IIR).

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