Copper - in the past, today and in the future

Copper - in the past, today and in the future

Copper with its good electrical and thermal conductivity will never go out of fashion, on the contrary.

The reddish metal has excellent corrosion resistance and is 100 percent recyclable. Copper alloys are indispensable in both ancient and modern times. One of the first metals that humans worked with was bronze, an alloy of copper and another metal, usually tin. Only recently, a diver near Sardinia discovered tens of thousands of ancient bronze coins on the seabed. They dated back to the first half of the fourth century. It was the time when the influence of Rome was worked in bronze and copper. They are in remarkable condition. A shipwreck is thought to be nearby. Today, copper is an indispensable component in the renewable energy sector and electric vehicles also require significantly more copper in their manufacture than conventional vehicles. UBS analysts are currently forecasting a shortfall of at least 200,000 tons of copper by 2025. This is because the supply is constantly decreasing. And they assume that a tonne of copper will cost an average of USD 10,500 next year and around USD 11,000 in 2026. It is primarily the energy transition that is driving the price of copper. The fact that the metal has just become slightly cheaper does not change this. Following the US presidential election, the US dollar is strong and this is having a negative impact on the copper price. After all, when the US dollar is strong, commodities traded in dollars become more expensive for market participants in other currencies. This is then reflected in demand. Looking at the major copper consumer China and the Chinese purchasing managers' indices, there are positive signs that stimulus measures in China are probably already helping. Mogotes Metals and Meridian Mining, for example, have copper in their projects.

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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