Copper Miners Expand Operations to Address Global Supply Shortages

Energy Metals News Commentary
Issued on behalf of Usha Resources Ltd.

VANCOUVER, Aug. 9, 2024 /CNW/ -- USA News Group - Energy Metals News – At the beginning of 2024, Forbes was reporting on a showdown between the United States and China 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 find millions of tons of it in Zambia. Despite a small price slump over the last few months, there are still analysts confidently expressing bullish sentiment for copper over the long term, with Citigroup predicting further price increases. Looking ahead, the US copper supply is set to grow by 4% in 2024, while other developments from copper miners will look to ease shortage fears with new supplies as global demand is projected to skyrocket. Among the miners currently making progress are developers and producers, including Usha Resources Ltd. (TSXV:USHA.VN) (OTC:USHAF), Southern Copper Corporation (NYSE:SCCO), Metals Acquisition Limited (NYSE:MTAL), Taseko Mines Limited (NYSE-American:TGB) (TSX:TKO.TO), and Ero Copper Corp. (NYSE:ERO) (TSX:ERO.TO).