Copper for the future

Copper for the future

Renewable energies need copper. This has created a new area of demand.

The reddish metal was a key ingredient for technological development thousands of years ago. Today, copper is used in electric cars, wind turbines, power grids and solar cells. Around 80 percent of the primary energy used worldwide still comes from fossil fuels. Although this proportion is constantly decreasing thanks to renewable energies, there is still plenty of room for copper demand. Renewable energies consume a lot of metal, including increasing electrification. In 2023, copper demand in China rose by nine percent, and worldwide by four percent. Economic developments, supply and demand and currency fluctuations all have an impact on the price of copper. Stocks are currently low and demand is high. Experts believe that a copper deficit is not far off. Before renewable energies demanded copper, it was primarily China that was responsible for copper demand with infrastructure projects and the construction market. Copper is not only found in the earth's crust, but also in plants, animals and humans, and it is an essential component of health. China and the Congo are responsible for more than half of the world's production of refined copper. Global copper mine production increased by around two percent in the first eight months of 2024. In the same period, global copper demand rose by around 2.5%. A strong increase in copper demand can be observed in Asia in particular. While this accounted for around ten percent of global copper demand in 1960, it now accounts for more than 75 percent. As copper will become increasingly important in the coming years and decades, this should boost companies that own copper. Examples include Mogotes Metals and Meridian Mining.

Mogotes Metals - https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ - is active in Chile and Argentina. The Filo Sur copper project in the Vicuña district in Argentina is considered to be particularly outstanding.

In Brazil, Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - has mines containing gold, silver, copper and zinc. The Cabaçal deposit in Argentina has a very good preliminary economic assessment.

Current company information and press releases from Mogotes Metals (https://www.resource-capital.ch/en/companies/mogotes-metals-inc/ ) and Meridian Mining (https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ ).

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