The copper market’s current state presents both a challenge and an opportunity for explorers like Prismo Metals (CSE:PRIZ,OTCQB:PMOMF,FWB:7KU), Steve Robertson, the company’s new president, told the Investing News Network.
A forecast supply deficit looms on the horizon and is expected to take full effect by 2025, prompting a sense of urgency among copper producers and explorers alike.
“For quite some time now … there’s been a deficit, this forecast for 2025,” Robertson said, pointing to a critical market juncture.
This imbalance is being influenced by the complex nature of copper mining, which involves long lead times from exploration to production. Additionally, unforeseen disruptions like the recent events in Panama, which took a major copper supplier offline, exacerbate supply constraints, he added.
Amid these challenges, Prismo Metals is poised to benefit, according to Robertson. With copper demand set to outpace supply significantly, opportunities abound for robust new projects. “I think we’re in the right business at the right time.”
Prismo Metals is currently focused on its Hot Breccia copper project in Arizona, located within the Arizona Copper Belt.
“The Arizona Copper Belt is one of the most productive copper belts on the face of the planet, and we’ve really got world-class giants completely surrounding us at Hot Breccia. We’re in the heart of the action in that area, and I’m really inspired personally by the discovery of Resolution, which is only 40 kilometers from the north of us. It’s one of the greatest discoveries that has been made in modern times,” Robertson explained.
Watch the full interview with Prismo Metals President Steve Robertson above
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