Copper: The New Gold for Miners Amidst Global Energy Transition As the world shifts towards electrification and away from fossil fuels, gold miners are increasingly turning their focus to copper, recognizing its critical role in building electric vehicles, wind turbines, and solar-power systems. Celebrating high gold prices, companies like Newmont and Barrick Gold are investing heavily in copper, with Barrick aiming to become a significant copper producer through developments in Pakistan and Zambia. Similarly, Newmont expanded its copper ventures by acquiring Newcrest Mining for about $15 billion. Other gold mining firms, such as Evolution Mining and Agnico Eagle Mines, are also making significant investments in copper mines. These moves indicate a strategic pivot by gold miners, as copper is often found alongside gold, and historically, its revenue has been used to offset gold production costs. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Silver Achieves Major Milestone, Outpacing Gold's Gains READ MORE The Real Estate Guru Who LOST IT ALL & Came Back STRONGER READ MORE Gold Resilient as Safe-Haven Demand Counterbalances Rising Dollar READ MORE Gold Rises on Rate Cut Expectations Before Inflation Data READ MORE Bonds Rally on Fed Rate-Cut Expectations READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment