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The impact of technology on long term metal prices
Report summary
In the long term there is a symbiotic relationship between technology and long-term metal prices. During the 20th century every time there was a copper demand “super-boom”, prices would skyrocket, then a breakthrough in technology drastically reduced costs in the mining industry and hence (long term) prices. The latest “super-boom” China and emerging market demand was responsible for a significant increase in mining related costs and concomitantly metal prices. Will mining technology again play a role in reducing cost and hence long-term prices? What is different this time?
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