(Kitco News) - After a disappointing 2023, the copper market should see a better new year as demand continues to outweigh dwindling supply, according to one mining executive.

In an interview with Kitco News, Warwick Smith, CEO of American Pacific Mining Corp, said that although gold has been attracting a lot of attention after hitting all-time highs, he expects copper to take more of the spotlight in the next few years as supply remains a significant issue.

However, he added that the company’s polymetallic focus means that they don’t have to pick one winner over another.

“Gold will always be an important metal for us, but I think copper is probably my favorite metal for the moment and probably will be for some time, just because of the amount of copper needed for this green revolution,” said Smith. “If there's going to be this green revolution, it's going to be led by copper.”

Smith said with the growing electrification trend, it's difficult to overstate how much copper will be needed to meet future demand. see & read more on
https://kitco.com/news/article/2024-01-22/copper-better-positioned-gold-2024-supply-crisis-looms-american-pacific