Trafigura CEO says copper must surpass $10,000 to meet demand
Trafigura CEO Jeremy Weir. Credit: Trafigura
In order to fill a potential supply gap of 8 million tons by 2034, mining companies need prices that are higher than $10,000 a ton and possibly as high as $12,000, says Trafigura Group chief executive officer Jeremy Weir.
Weir made his comments Tuesday during a presentation at the CRU World Copper Conference in Santiago, where the copper industry is gathering for one of the industry’s biggest annual events.
(By James Attwood)
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