Visual Capitalist provides brilliant infographic on copper supply problem. The catalyst for the market is coming with the huge boom in Solar Energy and roll out of electric cars.
With elections coming this fall in Argentina it is time to revisit the potential of Los Azules Copper. This giant copper project in Argentina is under management of McEwen Mining and TNR Gold holds 0.4% NSR and 1% on sale of the project. All three major candidates have announced their support for the mining industry in Argentina. According to Rob McEwen, this winter number of interested parties were visiting Los Azules. Project is for sale and it is only the question of time now when it happens. We are approaching the anniversary of Taca Taca sale by Lumina Copper, which Rob McEwen is using as the benchmark for Los Azules value. On the links below you can find more information about Los Azules and TNR Gold assets in this project. Please carefully read my legal disclaimer, all technical data provided by McEwen Mining is for information only, you should not be relying on it to make any investment decisions. "Qualified Person" of TNR Gold as defined under NI 43-101 was not able to verify all these information. Read more.
"Copper and Lithium become the strategic metals for the ongoing green revolution. Solar and Wind Energy and Electric Cars will drive the new demand for these metals. Solar Energy is growing very fast all over the world now. Energy Storage will be the next step to ignite this growth. This is the new focus of Elon Musk and his Gigafactory. He will introduce the home storage system based on the lithium batteries in the next few months. Copper will have its special place in this mass scale roll out of distributed energy generation systems with Wind and Solar Power. Integral part of this system - Energy Storage is getting popular now with Elon Musk Gigafactory and Warren Buffet with BYD making the headlines. These Trillion Dollar industries: Electric Cars and Energy Storage will drive the demand for Copper and Lithium in the future. Read more."