Copper prices will surge in the next six years, peaking at $10,000 per tonne amid lack of supply and increasing demand for green technology, Capital Economics said in a report.
“Constrained supply growth and surging demand from electric vehicles mean that we think that the price of copper will rise by over 60 percent, to nearly $10,000 per tonne, by 2025. This rally is nearlythree times higher than consensus estimates,” Capital Economics senior commodities economist Ross Strachan wrote on Thursday.
Georgian Mining Corporation (LON:GEO) has 50% ownership of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines.