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The listing will seek to raise funds to start production at the Mbamba Kilenda project in western part of DRC, and to conduct further exploration, Knight says in Cape Town. The company is in discussions with brokers on both exchanges. Knight aims to complete the listing by the end of 2022, subject to market conditions, and might wait until early 2023.
Copper is an essential input for energy transition, being needed for electric vehicles, solar and wind power equipment. According to research from IHS Markit in July, demand will grow from 25 million metric tons (MMt) today to about 50 MMt by 2035 and 53 MMt by 2050.
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