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Copper Miners Expand Operations to Address Global Supply Shortages
Copper Miners Expand Operations to Address Global Supply Shortages Canada NewsWire ...
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[{"type":"text","content":"\n\n\n\n Copper Miners Expand Operations to Address Global Supply Shortages\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n Energy Metals News Commentary\n \n\n\n\n\n Issued on behalf of Usha Resources Ltd.\n \n\n\n\n\n\n VANCOUVER\n \n\n ,\n \n\n Aug. 9, 2024\n \n\n /CNW/ --\n \n USA\n \n News Group -\n \n Energy Metals News\n \n – At the beginning of 2024,\n \n Forbes\n \n was\n \n reporting on a showdown\n \n between\n \n the United States\n \n and\n \n China\n \n over a dwindling copper supply, as prices soared. Now with the rise of artificial intelligence (AI), the tech sector is getting hungrier for more copper, with AI recently helping to\n \n find millions of tons\n \n of it in\n \n Zambia\n \n . Despite a small\n \n price slump over the last few months\n \n , there are still analysts confidently expressing\n \n bullish sentiment for copper\n \n over the long term, with\n \n Citigroup\n \n predicting\n \n further price increases\n \n . Looking ahead, the US copper supply is set to\n \n grow by 4% in 2024\n \n , while other developments from copper miners will look to ease shortage fears with new supplies as\n \n global demand is projected to skyrocket\n \n . Among the miners currently making progress are developers and producers, including\n \n Usha Resources Ltd.\n \n (TSXV: USHA) (OTC: USHAF),\n \n Southern Copper Corporation\n \n (NYSE: SCCO),\n \n Metals Acquisition Limited\n \n (NYSE: MTAL),\n \n Taseko Mines Limited\n \n (NYSE-American: TGB) (TSX: TKO), and\n \n Ero Copper Corp.\n \n (NYSE: ERO) (TSX: ERO).\n \n\n Critical energy transition metals developer\n \n Usha Resources Ltd.\n \n (TSXV: USHA) (OTC: USHAF) recently entered the copper space after executing an option for the right to\n \n purchase an undivided 100% interest\n \n in the Southern Arm copper property from\n \n Abitibi Metals\n \n . The move comes after\n \n Usha\n \n entered an LOI to\n \n divest up to 90% interest\n \n in its Jackpot Lake lithium asset for\n \n US$26,025\n \n ,000—a transaction that would give\n \n Usha\n \n a return-on-i...