![Trafigura CEO says copper must surpass $10 000/t to meet demand](https://cisp.cachefly.net/assets/articles/images/resized/0001126258_resized_jeremyweirtrafigurabloomberg1022.jpg)
Jeremy Weir
In order to fill a potential supply gap of eight-million tons by 2034, mining companies need prices that are higher than $10 000/t and possibly as high as $12 000/t, says Trafigura Group CEO Jeremy Weir.
Weir made his comments Tuesday during a presentation at the CRU World Copper Conference in Santiago, where the copper industry is gathering for one of the industry’s biggest annual events.