$6 Copper Still Isn’t Enough to Spark New Mine Development | Aurora Davidson
Aurora Davidson, president and CEO of Amerigo Resources, says copper prices near $6 per pound still fall short of incentivizing large-scale new mine development, underscoring how tight the global supply picture remains. Speaking with Kitco Mining at the VRIC 2026, Davidson said, “it doesn’t offset the risks involved in developing new copper mines,” pointing to high capital costs, long timelines, and permitting challenges that continue to slow new supply.
Davidson said tailings reprocessing stands out as one of the few practical, near-term ways to increase copper output, allowing producers to…
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