UNEARTH THE COPPER OPPORTUNITY
ELECTRIC VEHICLES AND CLEAN ENERGY
The emergence of both electric vehicles and clean energy programs present substantial demand growth for copper.
INDUSTRY CAPEX HAS HALVED
Between 2013 and 2016, capital investment in copper by industry majors fell by 49% from $28 to $14bn.
LACK OF GREENFIELD PROJECTS
Following a strong growth period, the pipeline of greenfield copper projects under construction is now close to empty. By carrying out early works at Pedra Branca now, Avanco has positioned its portfolio to take advantage of this opportunity.
KEY PRODUCER FACES CHALLENGES
Declining grade, increasing strip ratios and decreasing labour productivity combine to limit copper growth in Chile. Increasingly the industry must look for other sources of new supply and Avanco’s Brazilian copper projects are well positioned for this shift.
STEADY DEMAND GROWTH
Electric Vehicles and India will be key drivers of copper demand growth over the next decade.
