A recent report has determined that by 2035, the global demand for copper shall have hit 42.7 million tons annually, representing a 24% increase. The report highlights that electrification initiatives like electric car production and renewable energy systems are driving long-term demand growth that extends well beyond conventional construction and industrial uses.
While attention is currently being directed at the supply-side issues facing the copper industry, a similar situation may be unfolding in the platinum extraction industry where companies like Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) may need to expand their…
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