The copper story

UNEARTH THE COPPER OPPORTUNITY

INDUSTRY CAPEX HAS HALVED

Between 2013 and 2016, capital investment in copper by industry majors fell by 49% from $28 to $14bn.

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LACK OF GREENFIELD PROJECTS

Following a strong growth period, the pipeline of greenfield copper projects under construction is now close to empty. By carrying out early works at Pedra Branca now, Avanco has positioned its portfolio to take advantage of this opportunity.

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KEY PRODUCER FACES CHALLENGES

Declining grade, increasing strip ratios and decreasing labour productivity combine to limit copper growth in Chile. Increasingly the industry must look for other sources of new supply and Avanco’s Brazilian copper projects are well positioned for this shift.

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STEADY DEMAND GROWTH

Electric Vehicles and India will be key drivers of copper demand growth over the next decade.

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