'Scant coverage' is usually a phrase best left to the Daily Mail’s sidebar of shame, but in the world of mining it can be very illuminating.
Tip style
Growth
Risk rating
Medium
Timescale
Long Term
Bull points
- World's top copper producer
- Expansion opportunities at Grasberg and elsewhere
- Gold production protects against weaker copper price
Bear points
- Highly dependent on one mine
- Potential political issues in Indonesia
Last week, BHP (BHP) predicted that the global copper market would remain in surplus for 2024 and 2025, but said this would "only provide scant coverage against anticipated deficits in the latter half of this decade”.