Post #111

🇦🇴Angola: No More Wireless 🌍 Angola is stepping intoAfrica’s copper game with a $250 million Tetelo project. The mine aims for about 25,000 tonnes of copper concentrate at first, with production startign around October 29. The owner is Shining Star Icarus, a China-Angola partnership. 📈 The timing is good - copper prices have pushed toward record highs on worries about supply and strong demand from electrification. Some analysts now even predict a market deficit for 2025 after major disruptions this year. The country still depends on diamonds and oil, which together constitute more than 90% of the country's exports. If Tetelo ramps as planned, Angola joins neighbors like Zambia and the DRC on the copper map—and does so at a moment when every extra tonne matters. The global energy transition creates additional copper demand of approximately 6 million tons annually by 2030, according to International Energy Agency projections. Devils Below