Jetti Resources has found a way to double or triple the output of a conventional copper mine while using less energy and water.There is a lot of talk these days about the skyrocketing price of battery grade lithium, but many other battery materials such as copper are also experiencing significant upward pressure. In fact, some people are warning there is not enough copper left in the world to meet the extra demand the transition to electric cars will create.
The company commissioned a 2021 study by CRU Group, which estimated its technology could tap into a total addressable market of roughly 234 million tonnes of copper worth an estimated $2.4 trillion. That study forecast that a transition to cleaner energy will drive a gap between copper supply and demand of up to 10.9 million tonnes annually by 2050. If Jetti’s technology were to meet 100% of its estimated total addressable market, it would result in enough copper to close that gap.
“It’s thought of as the low cost method for processing copper ore. It’s really the only option you’ve got for low grade material because you can’t justify the crushing and energy expenditures for concentration on the low-grade material. So, the industry has just been very intent on finding a way to use leaching for primary sulfides, yet they haven’t been able to find it.
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