- Industry report suggests demand for copper will increase nine-fold due in part to increased production of Electric Vehicles
- S&P analysts predict copper shortages in coming years
- Josemaria is one of world’s few readily developable copper-gold projects
- Recent feasibility study concluded that Josemaria is robust, low-risk project with significant yield potential
As one industry report suggests that the increased production of electric vehicles (“EVs”) will send copper demand up nine-fold (https://ibn.fm/6dyXW), S&P analysts predict a looming copper deficit in the coming years (https://ibn.fm/0i7iV). While market forces continue to exert upward pressure on the price of copper, Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a Canadian natural resources company based in Vancouver, British Columbia, continues to focus on its Argentine project – one of the few readily developable copper-gold projects in the world.
Copper has been used to conduct electricity since the invention of the electromagnet in the 1800s and is integral to the production and operation of EVs. A single car can contain up to 6 kilometers of copper wiring along with a…
NOTE TO INVESTORS: The latest news and updates relating to JOSMF are available in the company’s newsroom at https://ibn.fm/JOSMF
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