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China's stimulus measures do industrial metals good

Prices for copper and zinc will go up. Because China has announced further measures to strengthen the economy

The price of the economic metal copper is rising because, firstly, it is in demand and, secondly, it is scarce. Stocks have been dwindling for weeks. In October, for example, copper inventories were reduced by 34,000 tonnes only in the Asian LME warehouses. There are copper deposits on all continents, but the geographical focus is on South America. According to the International Copper Study Group, about 20 million tonnes of copper were mined in 2017, of which about eight million tonnes came from South America.

Asia follows in second place, followed by North America. Here, in British Columbia is the flagship copper mine Copper Mountain of the company Copper Mountain Mining - https://www.commodity-tv.net/c/search_adv/?v=298604. In the third quarter of 2018, this mine produced 22 million pounds of copper equivalent (18.3 million pounds of copper, 7,500 ounces of gold and 64,900 ounces of silver). It is 75 percent owned by Copper Mountain Mining. In addition, there is the already approved Eva Copper project in Australia, an almost 400,000 hectare property.

The raw material zinc - used in particular as corrosion protection for steel and iron - has also recovered in price in recent weeks. On the one hand, this is certainly due to the supply deficit forecast by the International Lead and Zinc Study Group. For 2018 it expects a gap of 322,000 tonnes of refined zinc. On the other hand, stocks are dwindling. The zinc price should therefore continue to rise.

Zinc One Resources - https://www.commodity-tv.net/c/search_adv/?v=298394 - is counting on zinc. The Company's Bongará and Charlotte-Bongará projects, located in Peru, both have high grade zinc mineralization at or near surface. Zinc One Resources aims to start production soon on both projects. Historical resource estimates look very promising.

Current company information and press releases from Copper Mountain Mining (www.resource-capital.ch/en/companies/copper-mountain-mining-corp.html).

In accordance with §34 WpHG, I would like to point out that partners, authors and employees can hold shares in the companies mentioned in each case and therefore there is a possible conflict of interest. Only the English version of these messages applies.

Disclaimer: The information provided does not constitute any form of recommendation or advice. We expressly point out the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that shares and in particular warrant investments are generally 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. I expressly reserve the right to make a mistake, in particular with regard to figures and exchange rates, despite the utmost care. The information contained herein has been obtained from sources believed to be reliable but does not claim to be accurate or complete. Due to court rulings the contents of linked external sites are also to answer for (so among other things district court Hamburg, in the judgement of 12.05.1998 - 312 O 85/98), as long as no explicit dissociation from these takes place. Despite careful control of the contents, I do not assume any liability for the contents of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: www.resource-capital.ch/en/disclaimer.html

 

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PDAC 2019

Always up to date with the newsletter from SRC

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.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

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