CSE : MAXM   |   FWB: R7V

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CSE : MAXM

FWB : R7V  |  OTC : MXMGF

Maxus mining

Copper
market

COPPER
MARKET

LOOMING SUPPLY DEFICIT & INCREASED NEED FOR INVESTMENT

LOOMING SUPPLY DEFICIT & INCREASED NEED FOR INVESTMENT

Copper and gold prices are poised to soar over the next decade as usage continues to climb. 1

  • $100 billion in capacity increases will be needed in the next decade to keep up with copper demand.1

  • Mining companies need to invest $450 billion in new capacity over the next 25 years – far exceeding the $250 billion combined revenue of global copper producers. 1

To balance the copper market by 2030, it is estimated that approximately 10 million metric tons of additional copper production is required –

The equivalent of building approximately eight projects the size of BHP Group’s Escondida mine in Chile. The Escondida mine is the world’s largest copper mine with an annual capacity of 1.4 million metric tons of copper production.2

Anticipated copper supply deficit in million metric tons2
Anticipated copper supply deficit in million metric tons 2012 to 2030 area chart showing demand versus production capability — Maxus Mining

Source 1: Northern Miner   Source 2: ADI Analytics  

Copper Market to Grow by USD 70 Billion from 2024-2028 3

0 %

cagr market acceleration

0 %

Growth contributed
by apac

0 $B

incremental
growth

0 %

growth for
2024

Copper prices surge to record high amid tariff concerns 4

Gold prices soar to all-time high over trade war concerns 5

Copper Price Inc

The most actively traded copper futures contract in New York hit $5.374 per pound on March 26, 2025 before settling at a record $5.24 per pound.

Gold Prices Surge

Gold prices surged to a record high in April 2025, as investors flocked to the safe-haven asset amid growing fears of a global trade war.

Copper Exceeds Gold

Copper prices have risen 30% this year, and have outpaced gold prices, which has gained 16%, and far outpaced the major US stock indexes this year.

Record High Gold

Spot gold climbed 0.7% to $3,077.48 an ounce as Friday, March 28 after hitting its eighteenth record high this year at $3,086.21 earlier in the session. 

Source 3: CNN   Source 4: Reuters   Source 5: Newswire

Copper prices surge to record high amid tariff concerns 4

Copper Price Inc

The most actively traded copper futures contract in New York hit $5.374 per pound on March 26, 2025 before settling at a record $5.24 per pound.

Copper Exceeds Gold

Copper prices have risen 30% this year, and have outpaced gold prices, which has gained 16%, and far outpaced the major US stock indexes this year.

Gold prices soar to all-time high over trade war concerns 5

Gold Prices Surge

Gold prices surged to a record high in April 2025, as investors flocked to the safe-haven asset amid growing fears of a global trade war.

Record High Gold

Spot gold climbed 0.7% to $3,077.48 an ounce as Friday, March 28 after hitting its eighteenth record high this year at $3,086.21 earlier in the session. 

Source 3: CNN   Source 4: Reuters   Source 5: Newswire

WHERE the COPPER DEMAND WILL COME from

'Traditional'
economic growth

Developed: Mature stock, mainly replacement demand.

China: Stock-in-use only half of US, still room for growth.

Developing: Relatively little stock-in-use, strong demand growth.

Energy
Transition

  • EV's
  • Electrification of Industry
  • Wind
  • Solar
  • Grid storage & Augmentation

Digital
Transition

  • Data Centres
  • 5G / Internet
  • Artificial Intelligence
  • Blockchain

Source 6: BHP Mining

COPPER PRODUCTION iN CANADA

COPPER PRODUCTION iN CANADA

INCREASED NEED FOR DOMESTIC PRODUCTION:

0 million tonnes

Canada has almost 900 million tonnes of copper reserves in abundant sulphide and porphyry deposits.7

0 tonnes

In 2023, Canadian mines produced 508,250 tonnes of copper in concentrate, marking a slight decrease of 0.2% from the 509,062 tonnes produced in 2022 and setting a new decade low.

$ 0 Billion

In 2023, Canada’s total trade (exports and imports) in copper and copper-based products was valued at $15.1 billion.

CANADIAN MINE PRODUCTION OF COPPER, BY PROVINCE AND TERRITORY, 2023

Canadian mine production of copper by province and territory 2023 table showing British Columbia at 45.8% — Maxus Mining
Canadian mine production of copper, 2014-20237
Canadian mine production of copper 2014 to 2023 bar chart in thousand tonnes — Maxus Mining

Source 7: Government of Canada

Frequently Asked Questions — Copper Market

Copper demand is growing due to three converging forces: traditional economic development in emerging markets, the global energy transition, and the digital transition. Electric vehicles, wind turbines, solar installations, grid storage, data centres, and AI infrastructure all depend heavily on copper. The copper market is projected to grow by USD 70 billion between 2024 and 2028, with Asia Pacific contributing the largest share of that growth.
Yes — analysts project a significant copper supply deficit by 2030. To balance the copper market, approximately 10 million metric tons of additional copper production will be required — equivalent to building approximately eight mines the size of BHP’s Escondida, the world’s largest copper mine with annual capacity of 1.4 million metric tons. Mining companies will need to invest an estimated $450 billion in new capacity over the next 25 years, far exceeding the $250 billion combined revenue of global copper producers.
Canada holds approximately 900 million tonnes of copper reserves in sulphide and porphyry deposits. In 2023, Canadian mines produced 508,250 tonnes of copper in concentrate, and Canada’s total trade in copper and copper-based products was valued at $15.1 billion. British Columbia is one of Canada’s most significant copper producing provinces, with a long history of major porphyry copper discoveries and active exploration.
Maxus Mining Inc. (CSE: MAXM | OTC: MXMGF | FWB: R7V) holds the 3,123-hectare Penny Copper Project in the Fort Steele Mining Division of British Columbia, located near the historic Sullivan Mine at Kimberley — an area with over 100 years of recorded exploration activity. Recent 2025 prospecting returned outcrop samples up to 0.34% copper from mineralized and iron-oxidized quartzite. A 2025 mobile magnetotellurics survey has been completed with geological interpretation ongoing to fast-track exploration targeting.
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