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Copper PNG

Copper: A High-Demand Critical Mineral Powering the Global Economy

About Copper


Copper, recognized globally as a critical industrial metal, is essential to the modern economy and the clean energy transition. With its unmatched electrical and thermal conductivity, copper is a cornerstone of power generation, electric vehicles, and renewable energy infrastructure. As demand accelerates, driven by electrification and green technology, copper is becoming one of the world’s most strategic resources.

While demand surges, supply is tightening. Ageing mines, lower ore grades, and few major new discoveries are creating a growing gap—one that experts predict could widen significantly in the coming years. This sets the stage for strong long-term pricing and opportunity.

ILC has copper at its Firesteel project in Ontario, Canada. Further exploration work is required at Firesteel before ILC can establish whether or not this is a deposit of commercial value. For investors, our work offers early exposure to a vital resource at the start of what could be a major commodities supercycle.

New mining projects are essential to meet growing demand:

Line chart with bars and dotted line showing supply gap in copper from 2030 to 2050. Bars represent the supply gap in million pounds, increasing over time, with two shades of blue. Dotted line shows the supply gap as a percentage of refined consumption, rising from 18% in 2030 to 62% in 2050. Key labels: Base Case, AET 4.5, Supply gap as % of refined consumption.

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