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Corona virus and copper

About 50 per cent of global copper demand comes from China. Base metals have already fallen in price due to the corona virus. But there is also hope

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Standstills and disruptions in demand in China are causing concerns for copper investors. In fact, it would not have looked so bad for the economic metal. Trade disputes between the US and China have developed positively and the manufacturing sector seemed to be recovering. But the optimistic outlook for the copper price has now clouded over.

How strongly the virus epidemic will affect China's gross domestic product is still uncertain. However, it is assumed that the peak phase of infection will soon be reached and overcome. The copper price fell in January and was able to recover somewhat in February. From a fundamental perspective, some (e.g. analysts on Reuters) see a deficit for the current year, others forecast a copper surplus (International Copper Study Group). 

If China's GDP growth declines significantly, stimulus measures from the government are likely to be needed to give the economy a new boost. And lower Chinese copper demand will probably be compensated again in the course of the year, when the health crisis is over. The development in the coming months will be decisive, as China and the copper price are closely linked.

Even if it still takes weeks before normality is restored, an investment in copper companies is always a matter worth considering. One might think of Copper Mountain Mining or Aurania Resources.

Copper Mountain Mining has a 75 percent interest in the Copper Mountain Mine in British Columbia (87.2 million pounds of copper equivalent in 2019 in total): https://www.commodity-tv.com/play/newsflash-with-skeena-resources-caledonia-mining-copper-mountain-and-millennial-lithium/. In addition, there is the approved Eva copper project in Australia (measured and indicated resources of 2.1 billion pounds of copper).

Aurania Resources is exploring for precious metals and copper at its The Lost Cities Cutucu project: https://www.commodity-tv.com/play/aurania-resources-following-track-of-possible-road-lidar-program-started/. A private placement for eight million Canadian dollars will be used for further exploration.

Recent corporate news 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/).

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: www.resource-capital.ch/en/disclaimer/

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