Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Lithium

45.54

0.52%

Gold

2,672.60

0.72%

Copper

4.12

(0.69%)

Oil

69.58

0.78%

Bitcoin

97,948.02

3.81%

FTSE 100

8,149.27

0.79%

Nikkei 225

38,026.17

(0.85%)

Dow Jones

43,940.69

0.92%

Iron Ore

102.15

1.11%

USD/AUD

0.65

0.15%

Hang Seng

19,601.11

(0.23%)

Copper Surge: A Perfect Storm Brings Cobre and the Kalahari Copper Belt to the Forefront

March 28, 2024
Author: Stock Piper

The copper market is on the cusp of a major transformation. Rising demand brought on by electric vehicles and renewable energy is expected to clash with a possible supply shortage, presenting an opportunity for businesses such as Cobre Ltd. (ASX: $CBE), which is positioned strategically in Botswana's Kalahari Copper Belt (KCB).

Why Copper?

Copper is an essential element in the fight against climate change. Wind turbines, solar panels, and electric vehicle charging stations all rely heavily on the red metal's conductive properties. As the world transitions away from fossil fuels and towards renewable energy sources, demand for copper is expected to skyrocket. Several projections indicate that through 2030, the world's demand for copper will rise by 4% a year, faster than the growth of the supply. Electric vehicles are a major driver of this demand surge. With copper being a key component in electric vehicle motors and batteries, the International Energy Agency (IEA) predicts that by 2040, electric vehicles could account for as much as half of all new car sales. This shift towards electric transportation would require a massive increase in copper consumption.

The Supply Squeeze

Several factors are contributing to the potential copper supply shortage. Mine depletion, complex permitting processes, and exploration challenges are hindering the discovery and development of new copper deposits. This creates a unique opportunity for companies like Cobre that have identified and are actively exploring highly prospective copper projects.

Cobre's Prime Location in the Kalahari Copper Belt

Cobre holds a dominant land position in the KCB, one of the most promising regions for copper exploration globally. The KCB boasts excellent infrastructure, a supportive government, and a proven geological track record for harbouring large, high-grade copper deposits. Cobre's Ngami Copper Project and Kitlanya West Project capitalise on these advantages, situated strategically within the underexplored northern margin of the KCB where favourable geological conditions are prime for the discovery of significant copper deposits.

Promising Exploration Results and Potential for In-Situ Leach Mining

Drilling at the Ngami Copper Project has intersected zones of moderate-grade copper mineralization along extensive strike lengths. These results, coupled with high-grade intercepts like 9.3 metres at 3.4% copper and 30 grams per tonne silver, highlight the project's potential to host both significant bulk tonnage and high-grade copper deposits. Furthermore, the copper mineralisation exhibits characteristics ideal for in-situ leach (ISL) mining, a cost-effective and environmentally friendly extraction method. Favourable geological factors like the presence of fractures, suitable host rock permeability, and an orebody situated below the water table all contribute to the potential viability of ISL at this project.

Investing in Cobre's Copper Future

Cobre's strategic landholding, ongoing exploration success, and focus on a Tier-1 mining jurisdiction like Botswana position the company to benefit significantly from the looming copper deficit. With a strong financial base and experienced leadership, Cobre is well-equipped to capitalise on this exciting opportunity in the copper market. Cobre is strategically positioned to be a major winner in the tightening copper market. The company's combination of prime location in a booming copper belt, promising exploration results, and a focus on cost-effective extraction methods like in-situ leach mining, makes Cobre an attractive investment opportunity for those looking to capitalise on the growing demand for copper.