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Georgian Mining Corp

Putting the Copper Horse Before the EV Cart: Copper Demand in the EV Market

The electric vehicle market and copper demand are intrinsically tied together as the globe continues to adopt clean energy initiatives.

Along with other traditional base metals like nickel and aluminium, copper finds itself caught by two long term market forces. The first is a gradual global push to reduce greenhouse gas emissions (GHG) in transportation, utility and manufacturing sectors.

Secondly, mass commercialisation of low or zero GHG energy sources and associated battery storage solutions. Likewise, copper will be part of future electric vehicle supply chains and related infrastructure, making the electric vehicle (EV) market and copper demand intrinsically connected.

 

Georgian Mining Corporation (LON:GEO) has 50% ownership and operational control of the Bolnisi Copper and Gold Project in Georgia, situated on the prolific Tethyan Belt, a well-known geological region and host to many high-grade copper-gold deposits and producing mines. The Bolnisi concession covers an area of over 860 sq km and has a 30-year mining licence with a variety of targets and projects ranging from greenfield exploration / target definition phase through intermediate target-testing phases to more advanced projects including Kvemo Bolnisi East which will advance to Feasibility Study in 2018. These projects are proximal to existing mining operations owned by the Company’s joint venture partner, and their sister production company. Georgia has an established mining code and is a jurisdiction open to foreign direct investment.

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