Copper is in deficit and there is no substantial new production scenario on the horizon. The Majors have shrunk their exploration budgets in the last 5 years to a minimum which leaves copper markets more and more trouble to fulfill the supply for the rising demand.
Altona Mining is a great exception seeking financing from Chinese SRIG and is ready to build their mine in Australia for future copper supply by 2020. Sierra Metals already produces 25% copper out of their production mix with nice margins.
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Jochen Staiger, CEO & Founder, Swiss Resource Capital AG.