A conclusion of the World Economic Forum in Davos
The 49th World Economic Forum in Davos is over. About 3,000 participants thought about the global economic situation
The discussion lasted four days. IMF Managing Director Christine Lagarde put it in a nutshell: "After two years of solid expansion, the global economy is growing more slowly than expected and risks are increasing". This is true, but China's important economic growth is estimated at 6.2 percent in 2019. It is assumed that demand for raw materials will remain robust in the country.
After all, China is one of the most important economic locomotives in the world. In 2019, for example, the Chinese central bank intends to provide the equivalent of around 33.5 billion euros for the creation of liquidity and thus boost loans from commercial banks to companies. This supports investments and thus also the demand for raw materials. Copper is likely to play an important role here.
This should have a positive effect on copper companies such as Copper Mountain Mining. The Copper Mountain Mine (75 percent owned by the Company) produced approximately 92.4 million pounds of copper equivalent in 2018, plus more than 28,000 ounces of gold and nearly 274,000 ounces of silver. Copper Mountain Mining - https://www.commodity-tv.net/c/search_adv/?v=298807 - owns 100 per cent of the approved Eva Copper project in Australia.
And economic growth, even if it weakens somewhat, needs energy, especially clean energy. When you think of the air quality in some large cities in the emerging countries or the air quality in Davos at the Forum, which was not very good because of the many vehicles. Clean energy only works with the help of nuclear energy. Without this it would not be possible to supply people worldwide with energy. Many of them still do not enjoy the necessary energy today.
Uranium Energy - https://www.commodity-tv.net/c/search_adv/?v=298819 - is a company that wants to meet the future uranium requirements of nuclear power plants. The Company owns the largest approved in-situ uranium recovery project in the United States, the Reno Creek Project. A special plus is the Uranium Energy processing plant in Texas, which is ready for start-up. The portfolio also includes other projects in Texas, Colorado, Arizona, Paraguay and Mexico. They're either approved or well advanced.
Current corporate information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp.html) and from Uranium Energy (https://www.resource-capital.ch/en/companies/uranium-energy-corp.html).
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