McEwen Mining (NYSE: MUX) (TSX: MUX) Lays Groundwork to Capitalize on Opportunities in Copper Industry
- Copper is well known for its growing demand in many industries, including renewable energy sources required for net-zero carbon emission goals implemented by over 70 countries
- The copper market is now expected to reach $446.7 billion by 2030, growing from $291.1 billion in 2021
- McEwen Mining is a 68% shareholder in McEwen Copper's Los Azules project, giving it 100% interest in what could soon become the world's next copper unicorn
More than 70 countries worldwide, including the United States, China, and the European Union, have set goals to reach net-zero carbon emissions - with promises of cutting current emissions in half by 2030. With the current energy sources responsible for greenhouse gas emissions, replacing traditional fossil fuels with renewable energy sources is key to reducing carbon emissions (https://ibn.fm/Z8rzL). Traditionally used in construction projects, copper now plays a vital role in this initiative due to its versatile use across multiple industries, including renewable energy, electric car components, and numerous technological applications, all of which is combining to drive demand. The global copper market is expected to reach $446.7 billion by 2030, growing from $291.1 billion in 2021 (https://ibn.fm/9cO6g).
McEwen Mining (NYSE: MUX) (TSX: MUX), an asset-rich, diversified gold and silver producer in the Americas with large exposure to copper through its subsidiary, McEwen Copper, owns and operates mines in some of the world's most prolific mineral producing regions in the
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