Summary of A Copper M&A Frenzy Masks Big Miners’ Hesitation to Build

Summary of A Copper M&A Frenzy Masks Big Miners’ Hesitation to Build
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In Southern Australia, a new mining camp aims to meet rising global copper demand using advanced drilling techniques. Despite copper's crucial role in electrification and tech, the industry faces challenges such as high costs, slow permits, and a trend towards buying existing mines rather than building new ones. Key players like BHP are expanding existing projects and investing in exploration, but the future supply of copper remains uncertain due to declining discoveries and increasing exploration risks. The industry needs continual investment in exploration to meet growing demand for copper amid the global energy transition.