The world needs more mines to meet demand for copper and other battery metals required to shift to less polluting energy sources — even if such moves are seen as environmentally unappealing, according to Hudbay Minerals Inc. financial chief.
Any credible prognosis shows that copper faces a structural deficit of five to seven million tons starting in the next three or four years, Hudbay Chief Financial Officer Steve Douglas said Wednesday at Bloomberg’s Canadian Fixed Income Conference. And yet, any energy transition can’t happen without copper, he said.
