Not sure if that's available but the same source was expecting a mild glut of copper over the next few years due to new mines opening and no one seems to predict higher prices long term, so I think this might just be standard industry whining that taxes and health and safety and environmental laws are holding them back.
> Even though a rise in demand is anticipated, this will not be enough to absorb the increase in supply, Commerzbank's commodities analyst Daniel Briesemann said in a note.
> Also, the conspicuous supply difference is due to the expected noteworthy recovery in mine output.
> According to ICSG, mine output >will rise by 3.9% due to the commissioning of several new projects and the expansion of existing mines, Briesemann said.
> This was echoed by UK brokerage Marex Spectron, which said in a research note Dec. 7 that according to CRU -- a commodity research company -- the view is that after a deficit in 2021, the following two years are expected to see a surplus.
> Aside primary copper production, an increase in secondary production, from scrap copper, was also likely to contribute to copper's surplus, Briesemann said.
https://ihsmarkit.com/Info/0722/futureofcopper.html
Not sure if that's available but the same source was expecting a mild glut of copper over the next few years due to new mines opening and no one seems to predict higher prices long term, so I think this might just be standard industry whining that taxes and health and safety and environmental laws are holding them back.
> Even though a rise in demand is anticipated, this will not be enough to absorb the increase in supply, Commerzbank's commodities analyst Daniel Briesemann said in a note.
> Also, the conspicuous supply difference is due to the expected noteworthy recovery in mine output.
> According to ICSG, mine output >will rise by 3.9% due to the commissioning of several new projects and the expansion of existing mines, Briesemann said.
> This was echoed by UK brokerage Marex Spectron, which said in a research note Dec. 7 that according to CRU -- a commodity research company -- the view is that after a deficit in 2021, the following two years are expected to see a surplus.
> Aside primary copper production, an increase in secondary production, from scrap copper, was also likely to contribute to copper's surplus, Briesemann said.