Low global copper supply imperils climate goals, Freeport CEO says | Headlines

, Low global copper supply imperils climate goals, Freeport CEO says | Headlines, TheCircularEconomy.comAdkerson, who also chairs a global mining industry trade group, described the political situation in Washington as a “head-scratcher.” Biden officials understand the importance of copper to climate goals, Adkerson said, but are not likely to lessen mine permitting standards “because that just runs against the grain of their political situation.” Copper prices meanwhile are up 10% this month due to that low supply, with analysts expecting demand will increase alongside the global economy. RISING COSTS Freeport itself is not immune to that price rise.

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