Torr Metals Inc. (TSX.V: TMET) Set to Capitalize on Green Energy’s Rising Demand for Copper
Copper is expected to play an increasingly important role in powering the world’s transition towards net zero technologies The average electric vehicle can contain up to 183lbs of copper, a massive 277% increase relative to internal combustion engine cars The surge in copper demand is expected to drive a necessary increase in supply, requiring an additional 9.7 million metric tons (Mt) production per annum by 2031. With a deficit of 114,000 tonnes projected for 2023, the copper supply is anticipated to remain in deficit by the beginning of the next decade with a forecasted shortfall of 6.5 Mt Torr Metals…