Copper with great opportunities
By 2024, CRU Group predicts that production from existing copper mines will decline. CRU Group is a business intelligence company specializing in the global mining, metals and fertilizer markets.
Thanks to Chinese demand, the copper price also recovered quickly last year. In addition, there were and are economic stimulus packages and disruptions in some top producing countries. New economic stimulus packages could also come from the USA with the new president. Higher infrastructure spending will then strengthen the copper price. Euroland is also considering higher infrastructure spending, especially in the area of renewable energy and power grids for electric vehicles.
Nevertheless, Chinese demand for copper remains the main element. The analysts at Morgan Stanley also see further upside potential in the copper price, this also for copper shares and thus they also see buying opportunities.
The US investment bank Morgan Stanley is also positive about copper stocks. This is because the shift to a lower-carbon economy will fuel copper consumption. This further tailwind will also be good for copper companies. Incidentally, Morgan Stanley advises taking advantage of the potential market volatility around the Chinese New Year.
Copper Mountain Mining or Aurania Resources own copper in their projects, for example.
Copper Mountain Mining - https://www.youtube.com/watch?v=hp1PbZZI-ho - holds a 75 percent interest in the successful producing Copper Mountain copper mine. This is located in British Columbia and achieved record production for copper, gold and silver in the fourth quarter of 2020.
Aurania Resources - https://www.youtube.com/watch?v=Pepo7cpjLvU - focuses on precious metals and copper in South America. The main project is The Lost Cities - Cutucu Project in the Andes Mountains of Ecuador, which has already produced notable results from drilling.
Latest corporate information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-ltd/).
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