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Politics Are Turning Against Copper Miners, Freeport-McMoRan CEO Says

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Copper Is the New Oil, Goldman Sach's Currie Says

The task of ramping up copper supply to meet growing demand in the clean-energy transition is getting harder as societies and communities resist new mines and politicians seek a bigger share of the profit, said Freeport-McMoRan Inc. boss Richard Adkerson.

While the outlook for copper is getting better and better as the world tries to wean itself off fossil fuels, the supply side’s ability to churn out more is being constrained by difficulties in gaining social licenses to operate, said Adkerson, the veteran chief executive of the biggest publicly traded producer of the wiring metal.