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Balancing Environmental Concerns with Copper Mining Necessity
Recycling and secondary copper production are decreasing, leading to a need for new copper mines. Environmental concerns often hinder the development of new copper mines and recycling plants. The closure of the Cobre Panama mine, advocated by environmentalists like Leonardo DiCaprio, highlights the challenge of balancing environmental issues with the necessity of copper mining for building EVs and charging stations. Failure to recognize the importance of copper mining may result in significantly higher copper prices to incentivize new mine development and recycling plant construction.