That's over $9 per lb!  Imagine the how majors would be freaking out to get a piece of A MIINING DISTRICT with a C1 cost of less than $0.50 /lb!   (Teck last reported $0.60 - $0.70 /lb)

This article was posted by firestarter in 2021.
 https://www.rt.com/business/523030-copper-price-surge-deficit/

“If our expectation of increased supply in secondary material, a non-transparent market, did not materialize, inventories could deplete within the next three years, giving rise to even more violent price swings that could take the red metal above $20,000/t ($9.07/lb),” Widmer said.