70% of copper is now low-grade requiring massive resource extraction
“For example, copper, 70% of copper is locked into low grade copper meaning you need to move more tons of rocks to really extract the target copper.”
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For example, copper, 70% of copper is locked into low grade copper meaning you need to move more tons of rocks to really extract the target copper. And that implies that we need more more electricity, we need more water, more chemicals to extract the same minerals. So clearly, we need a better way of mining.
About this clip
A panelist explains the mining industry's resource intensity problem, revealing that 70% of copper is now locked in low-grade ore. This means mining companies must move exponentially more rock, water, electricity and chemicals to extract the same amount of copper, creating an urgent need for innovative mining technologies.
Why this clip
This statistic reveals a critical supply chain constraint that most people don't realize is driving up costs and resource consumption across industries.
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