[INFOGRAPHIC] Copper's impending supply gap
As one of the top metals used in the world today, copper is facing an impending supply gap. A recent study by the consultancy group Wood Mackenzie found that there will be a 10 million ton supply deficit by 2028 due to the lack of copper mines in the pipeline. Simply put, the metal isn’t being discovered fast enough to satisfy upcoming demand.
• Related content: The state of the copper-producing industry
In recent years, geological, environmental and political challenges have made the average lead time for a new mine around 20 years. Now the process -- from discovery to production -- is taking longer than ever before.
The following infographic breaks down the intricate details of the looming supply crunch for copper.
Source: VisualCapitalist.com
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