A breath of fresh air for copper
For example, the US investment banking and securities trading company Morgan Stanley sees copper after cobalt as the most important commodity on its investment list. The world's hunger for everything electrical will fuel demand for copper. Even if the copper price had to leave quite a lot to be desired this summer, copper could develop into an extremely sought-after commodity in the new year.
Recently Mark Bristow, CEO of Barrick Gold, also spoke about copper and the plans to focus more on the reddish metal. He believes in the metal's potential for rapid and significant growth in demand. Many old mines no longer have high-quality copper resources, and new mines are firstly expensive and secondly not so easy to find.
Bristow and other commodity experts even see copper as a new strategic metal and no longer in the role of a classic industrial metal. New markets such as electromobility and renewable energy systems (wind and sun) require a great deal of copper in their production.
Copper Mountain Mining also relies on copper - https://www.commodity-tv.com/play/copper-mountain-mining-increasing-copper-production-huge-upside-potential-at-eva-project/. With its 75 percent interest in the producing Copper Mountain Mine in British Columbia, the company benefits from strong copper demand.
Even though some currently believe that the safe haven of gold may lose its attractiveness - and therefore focus more on copper - gold should always have an attractiveness bonus. The future development of the trade dispute between the USA and China should also have an impact on the price of gold. There's still a lot to be done.
If you want to bet on gold stocks (which also own copper), you should take GoldMining as an example - https://www.commodity-tv.com/play/goldmining-is-acquiring-and-advancing-gold-projects-in-the-americas/. The Company has a significant portfolio of gold and copper-gold projects in the Americas and an interest in the Rea uranium project in the Athabasca Basin. GoldMining recently acquired the Yarumalito Gold Copper Project in Colombia, further expanding its presence in the Mid Cauca Belt in central Colombia.
Current company information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
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