Home Economy Why the Global Economy Deems Copper Porphyry as One of the World’s...

Why the Global Economy Deems Copper Porphyry as One of the World’s Most Valuable Deposit Types

0

PALM BEACH, Fla., May 4, 2022 /PRNewswire/ —  FinancialNewsMedia.com News Commentary – Porphyry copper deposits are the world’s largest source of copper and is also is one of the world’s most valuable deposit types. The term “porphyry” comes from the word “porphyritic”, a textural term used by geologists to describe the mineral pattern within the rocks that commonly occur in copper porphyry deposits. Porphyry copper deposits play an important role in the global economy. These deposits provide over 60% of the world’s copper and include other important metals such as molybdenum, gold and silver. Porphyry copper deposits are known for their low grades and very high tonnage. Porphyry copper deposits are generally composed of a “plug-like” igneous intrusion – a large magma body that is emplaced beneath a volcanic system. On average these deposits can have a vertical and horizontal extent of 1-2 km and can range from tens of millions to more…

Click here for full article…www.prnewswire.com