Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Set to Benefit as Industrial Demand for Copper Surges in Wake of Renewable Energy Demands
Josemaria Resource’s flagship copper-gold-silver mine is expected to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life Copper is known for its varied industrial uses, particularly within renewable power generation sector A single wind turbine is said to utilize up to 4.7 tonnes of copper, while each MW of solar power energy employs over 5.5 tonnes of copper during installation Research suggests that global copper production will have to rise by 3-6% per annum over next ten years for countries to meet their targets under remits…