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Bargain in the copper sector

The copper price has fallen below USD 5,000 per tonne for the first time since September 2016. Copper stocks are now also cheap

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The fear of a global recession is spreading. Demand for the cyclical metal copper is currently low. Production stops at major car manufacturers, because they are also among the copper consumers, are causing demand to fall. But before the virus crisis, the reddish metal was in a supply deficit. At the current copper price, production is declining. Workers in several mines have also become infected and production will fall.

The copper content in the mines has also been declining for some time. As a result of the current corona crisis, the copper shares of large and small companies have also lost some of their value, in some cases even halved. The fact that there are copper companies that could operate profitably even at the low copper price is simply overlooked. The fear of the virus, of the unknown, is too great.

Even if the outlook for copper and copper stocks looks bleak, many market observers see good long-term prospects for the copper price. For example, the Chilean mining minister continues to forecast a price of US$6,600 per tonne of copper for the later course of 2020, despite the effects of Corona.

Solid companies that have copper in the ground, such as Copper Mountain Mining or Auryn Resources should therefore not be forgotten.

Copper Mountain Mining has a 75 percent interest in the Copper Mountain Mine in British Columbia, which will provide 75 percent of the production of 87.2 million pounds of copper equivalent in 2019, and also owns an approved copper project in Australia: https://www.commodity-tv.com/play/copper-mountain-mining-q4-and-full-year-2019-numbers-published/.

Auryn Resources has six projects. The most significant are the Sombrero copper-gold project in Peru and the Committee Bay gold project in Nunavut: https://www.commodity-tv.com/play/newsflash-with-isoenergy-sibanye-stillwater-skeena-resources-and-auryn-resources/.

Current company information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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