Best demand prospects for copper
Not only gold and silver, but also copper could be on the verge of a significant price breakout.
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The all-time high is a good US$11,000 per ton of copper. On the one hand, a deficit is expected on the copper market for the current year. On the other hand, the demand outlook is excellent. Copper is a metal that will be in demand in the future. Should the breakout happen, the companies with copper in their projects will also profit from this, and promising stocks are in demand. These include not only the big players in the industry, but also not so big companies such as Hannan Metals or Aurania Resources, which have extremely promising projects.
Hannan Metals is developing large copper-silver and copper-gold deposits in Peru, making it a junior with a significant land position. The San Martin project and the Valiente project are particularly in focus.
Aurania Resources - https://www.youtube.com/watch?v=mihVbjz4NJE - is also a promising junior company with a focus on Ecuador. There lies the company's The Lost Cities Cutucu project, which contains gold and copper. In addition, Aurania Resources has partnerships and joint ventures.
The largest copper producer on earth is Codelco, followed by Freeport-McMoRan (Grasberg mine). Glencore is in third place. The next place among the big players goes to BHP Billiton (Olympic Dam property). The latter two produced less in 2021 than in the previous year. Fifth-place Southern Copper also saw its annual production decline last year compared with the previous year. In contrast, First Quantum, ranked sixth in the hit list of the largest copper producers, reported the highest annual production in the company's history.
Current corporate information and press releases from Hannan Metals (
www.resource-capital.ch/en/companies/hannan-metals-ltd/) and Aurania Resources(
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