Freeport’s Adkerson Sees Copper Scarcity Trumping Cooling Effort
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The copper market, unlike oil, is supported by a dearth of new discoveries at a time of rising demand that will accelerate with decarbonization efforts, according to the world’s biggest publicly traded producer of the metal.
While government and market actions can have an impact in the short term, copper is a very long term business and is “extraordinarily strong,” Freeport-McMoRan Inc. Chief Executive Officer Richard Adkerson said in an interview Thursday.