China's hunger for raw materials
China imports strongly refined metals. Especially copper, zinc and nickel are used.
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Refined copper imports rose by 20 per cent in the first ten months of the year compared with 2017. Concentrate imports rose by around 19 percent compared with the previous year. In November China imported 456,000 tonnes of copper, 8.6 per cent more than in October.
Copper demand and the electric vehicle market are inextricably linked. A global push to reduce greenhouse gas emissions will further boost copper consumption. Because copper is used in many areas of an electric vehicle.
Copper will also play an important role in the electrification of national economies. It is not only a component of battery storage devices, but is also important for the charging infrastructure. Copper companies such as Copper Mountain Mining should therefore find enough customers.
Copper Mountain Mining - https://www.commodity-tv.net/c/search_adv/?v=298604 - owns the producing Copper Mountain Mine (75 percent) in British Columbia and the Eva Copper Project in Australia (100 percent), which has already been approved.
For another important raw material, zinc, the supply situation has deteriorated further, as can be seen from the relatively high prices. It is true that the trade disputes between the USA and its trading partners have added to industrial metal prices. However, a solution to the trade wars in 2019, which is to be expected, will let prices go up again. The zinc price is expected to rise by 2.6 percent in 2019 if there are agreements in the trade dispute.
Deliveries of zinc concentrates to China increased. And in many places there is also a return to strong investment in long-term zinc production, for example in South Africa. In Peru, Zinc One Resources - https://www.commodity-tv.net/c/search_adv/?v=298394 - operates two zinc projects, Bongará and Charlotte-Bongará. Production will soon be carried out on both projects. Success should be pre-programmed through high-grade zinc mineralization.
Current company information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp.html).
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