Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Set to Benefit as Industrial Demand for Copper Surges in Wake of Renewable Energy Demands

December 7, 2020 13:44:58
  • Josemaria Resource’s flagship copper-gold-silver mine is expected to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life
  • Copper is known for its varied industrial uses, particularly within renewable power generation sector
  • A single wind turbine is said to utilize up to 4.7 tonnes of copper, while each MW of solar power energy employs over 5.5 tonnes of copper during installation
  • Research suggests that global copper production will have to rise by 3-6% per annum over next ten years for countries to meet their targets under remits of Paris Agreement

Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a Canadian natural resources company, has recently published a NI 43-101 compliant feasibility study for its flagship project, the wholly owned Josemaria Project located in Argentina’s San Juan Province ( The study revealed that the mine was anticipated to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life span. These figures paint a bullish picture – the mine’s copper production alone would be equivalent to nearly 1% of annual global supply—but an analysis into the dynamics underpinning current copper prices presents an even rosier outlook.

Copper is often said to be one of the most versatile metals, with uses varying from building tools to biology – in fact, humans are said to need 1.2 milligrams of copper daily to…

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