Copper - a metal with the best prospects for the future
Even though the copper price has just gone down, copper will be in high demand in the coming years as a base metal for everything from electric vehicles to copper cables. Currently, the lockdown in China and fears of uncertainties related to the Ukraine war are hurting the metal's price. China is responsible for more than half of copper demand, so concerns about the Chinese economy are having an impact on the price of the economic metal. However, the government there wants to support the economy. The risk that hefty interest rate hikes by the Fed will have a braking effect on the economy is probably causing the mood to deteriorate. The fact that the supply of copper, which normally comes from Russia, is lower in the course of the war is probably being overlooked. Commerzbank, for example, expects prices to rise again soon, especially for copper.
At the end of April, the International Copper Study Group (ICSG) also spoke out, and optimistically. Although, after years of a copper deficit, supply is expected to be greater than demand this year, the negative aspects (war and lockdown) could lose their scare. And in the long term, the ICSG expects strong copper demand, caused by technological progress. Thus, analysts such as global business intelligence firm CRU definitely see a copper deficit in a few years. Those who want to bet on copper should take a look at Kutcho Copper or Torq Resources.
Kutcho Copper - https://www.youtube.com/watch?v=sxgE0FrL-Dg - owns the Kutcho project in British Columbia, which contains zinc as well as copper and has a positive feasibility study.
Torq Resources has the Margarita, Santa Cecilia and Andrea projects in Chile in its portfolio, thus copper and gold in the ground.
Current corporate information and press releases from Kutcho Copper (https://www.resource-capital.ch/en/companies/kutcho-copper-corp/) and Torq Resources (https://www.resource-capital.ch/en/companies/torq-resources-inc/).
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