Exploring new copper assets in Peru
Element 29 Resources Inc.
INVESTOR PRESENTATION | |
January 2022 | e29copper.com |
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ELEMENT 29
Copper Demand
- Copper is the metal needed to bring energy to market.
- Copper is the most conductive non-ferrous metals and is 30% more conductive than gold.
- Copper demand for green energy will double in 10 years from 2.1 Mtpa to 4.2 Mtpa.
- EV copper consumption is 4 to 15 times more than regular combustion engines.
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Teck Sponsored Article "Visualizing Copper Demand for Renewables", November 3rd, 2021
ELEMENT 29
Copper Supply | 2023 |
• Copper inventories are at near record lows. | |
• Resources are declining while demand is | |
increasing due to a global green energy | |
focus. | |
• By 2023, primary copper demand is | |
projected to exceed expected inventories. | |
Source: Wood Mackenzie - Global Copper Long Term Outlook Q1-2020 (March, 2020)
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ELEMENT 29
PERU Copper Endowment
- Second largest copper producer globally (2.5 Mtpa).
- Peru has a total copper inventory of 170.4 Mt as reported by INGEMMET1.
- Deposits are well distributed throughout the Andean magmatic arcs of Peru.
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1 Acosta Ale, J., Huanacuni, D., Manrique, M., 2016. Base de datos de recursos y reservas de operaciones y proyectos mineros del Peru, Instituto Geológico Minero y Metalúrgico (INGEMMET), Lima, 8p.
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Element 29 Resources Inc. published this content on 21 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 January 2022 17:12:03 UTC.