Quantum Battery Metals further Gears Up for Copper Demand
Quantum Battery Metals Corp., a battery metals mining company, has announced plans to review property acquisition for battery metal projects and expand its focus towards copper opportunities.
A projected chronic gap between worldwide copper supply and demand, beginning in the middle of this decade, is expected to have severe consequences on the global economy and impact the timing of achieving Net-Zero Emissions by 2050.
Copper is crucial for all energy transition plans, but the potential supply-demand gap is anticipated to be significant as the transition progresses.
Quantum is actively engaging in conversations for acquisition of copper properties, with this motive derived from an increased demand and shortage of supply for the mineral predicted in the near future.
The management team will be continuing review and analysis of current engaged property acquisition opportunities, while pursuing additional engagement with projects focused on copper mining.
This new venture will allow the Company to expand its portfolio of assets and enter into one of the world’s most in-demand and vital EV Battery Metals elements.
“Quantum has managed to obtain various exploration projects primarily in Lithium and Cobalt, and by adding a Copper property to the portfolio, we will strengthen our capabilities to supply the most in-demand minerals to large-scale technology forward companies,” states Marc Momeni, Chief Executive Officer of Quantum Battery Metals.
“Battery Metals are becoming a staple asset in our technology driven world, with recent forecasts for upcoming demands and shortages, we are positioning ourselves for the next decade.
We have been preparing for this opportunity by reviewing property acquisitions over the last year. With a new motive to expand our focus into copper properties, we aim to add a desirable asset to our portfolio further expanding potential capabilities of exploration.”
Copper miners and analysts have been warning of growing deficits starting in the mid-2020s, driven by rising demand for copper in wind and solar farms, high voltage cables, and electric vehicles.
Copper is a versatile and recyclable material that is arguably mankind’s most important metal. It’s one of the few metals that has anti-bacterial properties that make it ideal for medical applications.
It’s also recyclable, meaning it’s an eco-friendly metal that can be used repeatedly. It’s so malleable it can be shaped and formed into small wires without breaking.4 Copper is a key component in green energy technologies, notably electric vehicle (EV) production.
Increases in copper prices in response to increased demand are likely to be measurable over the next decade rather than the next year. The Company will continue to provide further updates as it progresses forward with its strategic acquisition plans.
