Commodity-TV

The whole world of commodities in one App!

Watch Management & Expert Interviews, Site-Visit-Videos, News Shows and receive top and up to date Mining Information on your mobile device worldwide!

Download our unique App for free!
Commodity-TV Play Store
Commodity-TV App Store
Commodity-TV

Social Media


Copper market in deficit

For the next five to ten years, experts expect a deficit on the copper market.

Receive up-to-date information about the company directly via push notification

Copper market in deficit

 

For the next five to ten years, experts expect a deficit on the copper market.

 

The reason for this is the decline in production, for example at one of the largest mines in the world, Codelco. After producing around 1.7 million tons of copper in 2020, the company is now expecting a significant drop in production over the next few years. More than 40 percent less copper is expected to be produced by 2025. By 2030, the decline is expected to be as much as around 76 percent, as ore reserves are depleted. Most of the production will come from new mines, although long lead times are required.

 

Although new copper mines are starting up around the world, copper demand from the electromobility and renewable energy sectors is increasing enormously. The Chinese government, for example, recently updated its development plan. Now, 40 percent of cars sold in 2030 are to be electric. The old development plan only specified a share of 20 percent. In addition, China is suffering from an electricity shortage and at the same time wants to reduce its dependence on coal imports. By 2030, the country's copper demand will increase from the current 24 percent to an estimated 28 to 36 percent. This would require an additional 8.1 million tons of copper at current production levels. In addition, new copper projects in Chile and Peru, for example, involve a certain labor risk that can lead to delays and interruptions. Even if there should be a supply surplus in the short term due to the opening of new mines in the current year, a deficit is expected on the copper market in the long term.

 

Therefore, an investment in companies with copper in the projects could be considered, for example Copper Mountain Mining or Hannan Metals.

Copper Mountain Mining - https://www.youtube.com/watch?v=7Pyg-9M_6eM - owns 75 percent of the producing Copper Mountain Mine in British Columbia, as well as the Eva Copper project in Australia.

Hannan Metals, one of the Peru majors, is advancing the San Martin copper-gold-silver project.

 

Current corporate information and press releases from Copper Mountain Mining (www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Hannan Metals (www.resource-capital.ch/en/companies/hannan-metals-ltd/).

 

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always 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. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 - 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also
applies: https://www.resource-capital.ch/en/disclaimer/

 

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 [email protected] 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.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
SRC Mining & Special Situations ZertifikatSRC Mining & Special Situations Zertifikat