China's economy is growing strongly, and so is China's demand for raw materials
In the second quarter of 2021, China's economy grew by 7.9 percent. Corona has long been a thing of the past there. In the first quarter, growth of 18.3 percent was recorded compared with the same quarter of the previous year. Of course, last year the pandemic also took its toll on the Chinese economy. Now, the long-term growth trend seems to be stabilizing again. According to World Bank forecasts, growth of 8.5 percent should be realistic for 2021 as a whole.
In terms of imports and exports, China's increases have been enormous. In June, China's exports increased by more than 32 percent year-on-year, rising to 281 billion U.S. dollars. Imports accounted for $230 billion in June. Industrial production rose, as did retail sales. So, China needs large amounts of raw materials. And the world's second-largest economy recognized this at an early stage. With foresight, China is pursuing an expansive policy in this area.
The immense demand for raw materials caused by domestic growth could lead to further price increases for certain commodities. This is a good prospect for commodity companies, because if the raw materials in the ground become more valuable, the value of the companies also increases. Since the outlook for copper is good due to rising economic growth and gold is always in demand, companies with gold and copper such as Adventus Mining or Torq Resources should do well.
In Ecuador, Adventus Mining - https://www.youtube.com/watch?v=lm6lRfTpZvU - is particularly focused on the El Domo project and the Curipamba district. In addition, there is an exploration portfolio in Ireland.
Torq Resources - https://www.youtube.com/watch?v=77_09R87uDg - owns the Margarita project in Chile (copper, gold) and the Andrea copper project, for which there is an option to participate.
Current corporate information and press releases from Adventus Mining (https://www.resource-capital.ch/en/companies/adventus-mining-corp/) and Torq Resources (https://www.resource-capital.ch/en/companies/torq-resources-inc/).
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