Copper is also affected by supply chain problems
In 2008, copper experienced a recession. Then the price rose rapidly, record prices were recorded. In 2011, fears were already being voiced that China's rapid industrialization was extremely fueling copper demand. Copper stocks melted and demand for the red metal rose. Even today, many experts believe that a tight supply scenario is looming, and higher copper prices are on the cards. Copper is the metal of many industrial applications. Real alternatives do not yet exist on a large scale.
China's demand for copper has been strong over the past decade. There was a deficit. For many industry insiders, the phase of enormous copper demand is only beginning now, when emerging markets are growing. The price of copper reached an all-time high in February 2011 when it was close to US$11,000 per tonne. Now a supply deficit looms, exacerbated by pandemic-related supply disruptions, and this could drive copper prices higher. The second quarter of 2021 brought the price of US$10,700 per tonne of copper near an all-time high. Recycling copper alone could delay peak prices. Still, the future seems bright for the price of the stimulus metal. The supply deficit in copper is mainly due to a shortage of high-quality copper. Demand is being fuelled by an electrification trend around the world. In addition, there is the growth of Asia, the increasing spread of electric vehicles and the use of copper in renewable energies.
Companies with copper in the projects should therefore not be forgotten.
For example, Adventus Mining - https://www.youtube.com/watch?v=5KJPuGZNR0s - is primarily active in Ecuador, with gold and copper in the foreground at the El Domo project and in the Curipamba district.
Aztec Minerals - https://www.youtube.com/watch?v=qZqQl4mZLv0 - is also active in commodities, namely gold, copper and silver, for example in Mexico at the Cervantes project and in Arizona at the Tombstone project.
Current corporate information and press releases from Adventus Mining (www.resource-capital.ch/en/companies/adventus-mining-corp/).
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