Copper Needs $332 Billion in New Mines to Avoid Deficit, BloombergNEF Says - Crude Oil Prices Today | OilPrice.com
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While nine out of ten key energy transition metals are back on track to deliver sufficient supply by 2050, a total of $332 billion of investment is needed in new copper mines to avoid a looming copper deficit that could slow electrification, BloombergNEF said in its Transition Metals Outlook 2026 on Tuesday. In recent years, supply of key energy transition metals has improved considerably, with the exception of copper, which is still expected to see a shortfall through 2050, unless billions of dollars are invested in new supply. Lithium, graphite, cobalt, aluminum, nickel, manganese, steel, platinum, and palladium are all expected to have sufficient long-term supply capacity to support electrification through 2050, as global shortages have eased significantly, BNEF says. However, copper remains the major exception in this group of critical metals. BNEF expects a supply deficit in the global copper markets to begin in 2028 and widen to as much as 20 million metric tons by 2050. This deficit would be equivalent to 44% of projected global demand. Meanwhile, global copper demand is expected to jump by 61% between 2026 and 2050, reaching nearly 46 million tons.
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B.C. resident claims $46-million lottery jackpot 10 months after winning - CP24
Published: October 20, 2026 at 2:31p.m. EDTA resident of central B. C. has spent the last 10 months knowing he was $46 million richer. Now, the rest of the world does too. Richard Z. won the gold ball prize in the Dec. 20, 2025 Lotto 6/49 draw, according to a Tuesday news release from the B. C. Lottery Corporation. BCLC did not share Richard’s full name. He told the lottery corporation he was relaxing at home in Quesnel, B. C., when he saw that someone from the city had won the gold ball jackpot. “I checked the BCLC website and had an inkling I may have the winning ticket,” Richard said, according to the release. “When it said it was the gold ball, that’s when the overwhelming feelings set in; knowing that out of everyone in Canada, I had the ticket that won $46 million.”Richard told BCLC he first shared the news with his wife. “There were tears of joy,” he said. “It was overwhelming.”The winning ticket was purchased at Billy Barker Casino in Quesnel, and Richard completed his prize claim at BCLC’s Kamloops office on Oct. 16, nearly 10 months after his lucky draw.
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