A huge shortage of copper is looming, mining and commodities giant Glencore said in an investor update this week, reiterating warnings from other industry players and analysts that a supply crunch could slow the energy transition. Commodity shortages are looming, and significant mine development is lagging, the mining giant said in a presentation. “There’s a huge deficit coming in copper, and as much as people write about it, the price is not yet reflecting it,” Glencore’s chief executive Gary Nagle told analysts at the…
