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DR Congo

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Commodity Deep Dive ·

Copper Is the Metal Every Grid, Motor, and Data Center Runs On — and Half the World Refines It in One Country

Copper deep dive — 23 Mt of mine supply against 29 Mt of refining capacity, Chile at 23% of output, China at 48% of smelting, treatment charges at zero, and a record $14,858/t after Grasberg and El Teniente.