Mining Giant Glencore Sees Huge Deficit In Copper Coming ...Middle East

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Mining Giant Glencore Sees Huge Deficit In Copper Coming
A huge shortage of copper is looming, mining and commodities giant Glencore said in an investor update this week, reiterating warnings from other industry players and analysts that a supply crunch could slow the energy transition. Commodity shortages are looming, and significant mine development is lagging, the mining giant said in a presentation. “There’s a huge deficit coming in copper, and as much as people write about it, the price is not yet reflecting it,” Glencore’s chief executive Gary Nagle told analysts at the…

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