Economic stimulus packages will strengthen copper and gold
Countries are putting together economic stimulus packages. In the USA, as much as 1.9 trillion US dollars are to boost the economy
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Rising government debt is the result. Rising inflation is also to be expected as a result. This will cause real interest rates to fall even more sharply. This in turn should further strengthen the gold price. Another metal that should benefit from further stimulus packages is copper.
The European Union, for example, is looking into creating economic incentives through higher infrastructure measures. The promotion of renewable energies and an expansion of power grids for electric vehicles will also consume copper. And copper-intensive efforts for the growth of green energies are gaining in importance worldwide.
Both analysts and copper companies are therefore positive about the further development of the copper price. After the copper price reached its lowest level in 2020 in March at US$4,617.50 per ton, prices above US$8,000 were seen again.
One of the main drivers when it comes to demand and price of the reddish metal is and remains China. According to the Chinese customs authority, China imported a record 6.68 million tons of copper last year, 34 percent more than in 2019, so the outlook is good for companies that own gold and copper in the ground.
Aztec Minerals - https://www.youtube.com/watch?v=JzpHxl9aP-U - has copper in addition to gold, silver, zinc and lead at its Tombstone project in Mexico. In addition, the company operates the Cervantes gold-silver project, also in Mexico.
Aurania Resources - https://www.youtube.com/watch?v=5WxdYmmX_sk - owns gold and copper in Ecuador at The Lost Cities Cutucu project. The Ecuadorian government is promoting mining in the country, especially with a new law.
Current corporate information and press releases from Aurania Resources (
www.resource-capital.ch/en/companies/aurania-resources-ltd/).
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