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Cyprus can benefit from soaring copper prices

Posted: Tue Apr 04, 2023 9:20 am
by Paphos Life
Cyprus can take advantage of soaring copper prices, the result of pronounced shortages across the world, helping to increase supply through new projects on the island, according to Mark Rachovides, the President of Euromines and Chairman of Venus Minerals. The seasoned mining industry professional noted that copper prices have soared
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Re: Cyprus can benefit from soaring copper prices

Posted: Tue Apr 04, 2023 11:18 am
by Devil
In the same way that tin came principally from Cornwall and copper from Cyprus (hence the name), the Bronze Age largely depleted the metals from readily available ores. Yes, there is still copper available here but it is yet to be proven that its extraction would be economically viable in the long term. Copper is an easy metal to recycle and the quantities going through the process are increasing.