"Dr. Copper" always deserves attention
Many applications require copper. November brought the metal the highest price increase in four years
Receive up-to-date information about the company directly via push notification
The economic data in China, the USA and the Euro zone are not so bad, so the copper price could go up strongly. For example, the manufacturing index (PMI) in the USA reached 56.7 points in November, which is significantly more than a year ago (around 53). China is the only one of the major economies to show growth in 2020 and is already by far the largest copper consumer in the world.
Production and incoming orders reached a ten-year high in China. Some experts are already talking about a new super cycle in copper prices. Especially the trend towards wind and solar energy will consume a lot of copper. Looking at the copper price, it rose by 290 percent between 2004 and 2006. China bought a record quantity of a good 760,000 tons of copper in July 2020. That is about four times as much as in the years between 2004 and 2007.
Goldman Sachs analysts also believe that the beginning of a "structural bull market for copper" is just beginning. And other bank analysts also believe that copper could test its previous record high price. No wonder that the Solactive Global Copper Miners Index has risen around 66 percent in the last six months. This means that copper is inevitably one of the most interesting raw materials and investment universes at present.
Inventories are also falling, so the rally in the reddish metal can continue. As a result, companies with copper in their soil are increasingly coming under the spotlight. One example is Copper Mountain Mining - https://www.youtube.com/watch?v=yv1ZvZVmf8M&t=3s - a company that is now trading at a higher price than in the last two years. 75 percent of the successfully producing Copper Mountain Mine belongs to the company.
One company that operates mining operations in the Andes in Ecuador is Aurania Resources - https://www.youtube.com/watch?v=BpqNSiJNy0E&t=7s -. The Company's flagship project, The Lost Cities Cutucu Project contains gold and copper and is located in the metallogenic belt in the eastern foothills of southeastern Ecuador in the trend of the Cordillera del Condor.
Recent corporate news and press releases from Aurania Resources (
www.resource-capital.ch/en/companies/aurania-resources-ltd/)
and Copper Mountain Mining (www.resource-capital.ch/en/companies/copper-mountain-mining-corp/).
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/