⚒️ Southern Hemisphere Mining notes the comments made by Glencore CEO Gary Nagle on the Copper deficit at Glencore’s Capital Markets Day on 3 December 2025:
“Copper has a critical role to play,” Nagle explained.
“This (graph below) is the supply gap in copper, to what is needed. Needless to say when you look at this graph, and you’ve got the existing production that we have in the world today, with the announced and probable and possible projects that are coming on… the deficit continues to grow. And this is why we need copper.”
“Since the middle of 2024 we’ve started to see (copper) prices start to grind higher, every year going a little bit higher,” Nagle said.
“We want to see a continual grind higher of pricing, to give us that comfort that we will reach 12-13-14,000 dollars; because you don’t turn on a copper mine in five minutes, it does take time.
Now is the time to sanction these projects.”
⚒️ Southern Hemisphere Mining’s Llahuin Copper-Gold Project in Chile has delivered results like 105m @ 0.64% CuEq from surface to EOH, incl. 26m @ 0.91% from 71m.
Plus a major drilling campaign on the large Southern Porphyry target is currently underway.
Llahuin is now at 218mt JORC M+I+I Resource from surface, and is growing. And its location – 350km north of Santiago – is excellent, as it is low altitude, near to towns, main roads, and infrastructure.
For direct enquiries about Llahuin, please contact Company Secretary Keith Bowker via cosec@shmining.com.au
News Release
Date: 30 December 2025 | ASX Code: SUH | Frankfurt Exchange: NK4
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Southern Hemisphere Mining Limited is an experienced minerals explorer in Chile, South America.
Chile is the world’s leading copper producing country and one of the most prospective regions of the world for major new copper discoveries. The Company’s projects include the flagship Llahuin Porphyry Copper-Gold-Moly Project and the Los Pumas Manganese EV Battery Project, both of which were discovered by the Company.
For the latest information about the Company – please visit our Latest News and Corporate Profile pages. We are also on LinkedIn and Twitter (X).
