“KoBold Metals, a California-based metals exploration company backed by billionaires including Bill Gates and Jeff Bezos, said it has discovered a vast copper deposit in Zambia.

The rare discovery of a large-scale copper deposit could help in the global race to secure a supply of materials critical to the energy transition. Copper is in high demand due to its use in renewable energy and electric vehicles.

A spokesperson for KoBold Metals told CNBC on Monday that the company believes its Mingomba copper project in Zambia ‘will be one of the world’s biggest high-grade large copper mines.'”

From CNBC.