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Georgian Mining Corp

New copper study finds world market size previously underestimated

One of the main conclusions of the study, the 1st Edition of the Copper Demand to 2035 report, is that the size of the world copper market has been progressively underestimated. This was mainly due to the weak coverage and analysis of several fast emerging markets where there are little or no published statistics.

Roskill’s view is that total copper consumption (defined as refined copper consumption plus direct use scrap) comfortably exceeded 30Mt in 2018, in its fourth successive year of growth. This meant the industry had already achieved the major global benchmark of producing and recycling enough metal for the consumption of 4.0kg of copper for every single person on the planet.

Georgian Mining Corp (LON:GEO) is an AIM listed copper & gold development and exploration company that operates mainly in Georgia on the prolific Tethyan Belt.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.