FTM Machinery Responds to Global Copper Shortage

Driven by the global green energy and electric vehicle revolution, the demand for copper as a key raw material has surged, highlighting its core position in the manufacturing of solar panels, wind turbines, and batteries.

However, the tight state of global copper resources has reached a critical point, with production growth hindered by factors such as resource depletion, increased mining difficulty, environmental restrictions, and geopolitical issues, leading to a continuous rise in copper prices.

Goldman Sachs' latest forecast predicts that copper prices may climb to $12,000 per ton by the end of the year, with an expected increase of up to 20%.

Against this backdrop, in April this year, mining giant BHP Billiton expressed its intention to acquire Anglo American Resources, the world's fifth-largest diversified mining group, in a bid to compete for its copper business, which accounts for 30% of its total production, further intensifying market competition.

Facing this serious challenge, FTM Machinery, a leader in the field of mining equipment, is actively addressing the global crisis of copper shortage with its innovative crushing, grinding and beneficiation technology, bringing innovation to the utilization of copper resources.

The company has not only introduced efficient jaw crushers and high-precision cone crushers but also equipped advanced grinding equipment—ball mills, and star products in ore beneficiation—flotation machines, forming a one-stop solution from crushing, grinding to ore beneficiation. This minimizes ore loss and impoverishment, enhancing the recovery rate of copper concentrates.

"We believe that by optimizing technology and improving resource recovery efficiency, we can contribute to the stable supply of global copper mines." said the CEO of FTM Machinery.