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Copper price will go up

The largest copper consumer is China and its hunger for raw materials, especially for copper, is continuing

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China's latest figures are encouraging. The trade figures published by the Chinese customs authority were anything but weak. Exports are up more than 60 percent in January and February, and there's a good 22 percent increase in imports, all compared to last year. If you don't take this lockdown period as a comparison, but rather the numbers from 2019, they are still strong numbers. In the case of copper, China still imported around 12 percent more unprocessed material in the first two months of this year than in 2019.

China's high import figures show the enormous demand of an economy that has left the pandemic behind. Even though the copper price has currently lost some of its value, experts believe that copper prices will trend upward again. This is because there are continuing supply bottlenecks. Strong growth in demand is also expected in all copper end-user sectors. Copper experts at the major bank UBS, for example, expect demand for copper to grow by 4.7 percent in the current year. Demand should be particularly strong from Latin America and the Middle East, as well as from Europe and North America. At the same time, supply will increase by only an estimated 1.9 percent in 2021. Global copper inventories will decline by almost one million tons in the near future.

Therefore, UBS industry experts forecast a copper price of up to 11,000 US dollars per ton of copper, i.e. significantly more than now. Therefore, companies with copper in the ground, such as Aztec Minerals or GoldMining, should not be lost sight of.

Aztec Minerals - https://www.youtube.com/watch?v=KPYdmh9mod8 - is focused on large polymetallic mineral deposits in the United States. The company is advancing the Tombstone project in Arizona under a joint venture agreement and owns the Cervantes porphyry gold-copper property in Mexico. 

GoldMining owns large gold and copper projects in North and South America, for example, three projects in Colombia that score gold and copper, for a total of 15 projects.

Latest corporate information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
 
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 
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