True pre­cious metal is ‘Cop­per’

Zambian Business Times - - MINING -

In the age of elec­tri­fi­ca­tion, cop­per wins, this ac­cord­ing to Gianni Ko­vace­vic, Ex­ec­u­tive Chair­man of Cop­perBank.

“To­day, 80% of the en­ergy mix is fos­sil fu­els, 20% is elec­tric­ity. But in the fu­ture, all ends up in elec­tric­ity. The cur­rent 20%, it took 120 years to get there. We’re go­ing to ac­cel­er­ate…what’s go­ing to make that pos­si­ble? It’s not gold, it’s cop­per,” Ko­vace­vic told Kitco News on the side­lines of the In­ter­na­tional Min­ing In­vest­ment Con­fer­ence in Van­cou­ver.

Speak­ing on the po­ten­tial death of plat­inum group met­als due to the ab­so­lu­tion of cat­alytic con­vert­ers from elec­tric cars, Ko­vace­vic said that cop­per won’t share the same fate.

“When you elec­trify a car, there is no longer a tailpipe. You have three or four times more cop­per in that car,” he said. Ko­vace­vic said that a good way to in­vest in cop­per is through com­pa­nies with op­tion­al­ity; projects with a lot of money spent on them, in safe ju­ris­dic­tions, and have the plau­si­bil­ity to go into pro­duc­tion.

Newspapers in English

Newspapers from Zambia

© PressReader. All rights reserved.