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Electrification requires a lot of copper

The demand for copper is constantly increasing. Not only due to the increasing number of electric vehicles

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The world is becoming increasingly electrified, and this is boosting copper consumption. Many of the large copper mines currently in production are already decades old and are therefore close to the end of their production. More copper is needed, but it is not easy to increase the supply of copper. It takes many years, often 15 to 20 years, before a large copper mine is approved. The Corona pandemic will be brought under control. Then an economic recovery can be expected, with it a strong demand for copper. One of the main demanders is, of course, China.

Since the end of February, the copper price has been on a consolidation path. And with economic growth picking up, most analysts also see copper prices rising, often more than US$10,000 per ton. This is because the factors of electrification and electric cars are being joined by the increasing reduction in fossil fuels. This is because it adds the climate-friendly energy generation sectors such as wind power and solar energy, which also need copper.

Another driving moment is inventories, which are rather modest because they are below average. And due to the pandemic, growth in mine production will also lag behind. The leaders in copper production are Chile and Peru.

In Chile, for example, Torq Resources - https://www.youtube.com/watch?v=okKpAaMW7iM - is present with its Margarita iron-oxide-copper-gold project (1,045 hectares of land). Neighboring projects with first-class resources are available, and the infrastructure is also excellent. The first drilling program is scheduled to start in the third quarter of 2021.

Hannan Metals - https://www.youtube.com/watch?v=lb1XVw3cAWg - is located in Peru with its San Martin copper-silver project. Also equipped with the best infrastructure, the San Martin property is a newly identified high-grade copper-silver system.

Current corporate information and press releases from Torq Resources (https://www.resource-capital.ch/en/companies/torq-resources-inc/) and Hannan Metals (https://www.resource-capital.ch/en/companies/hannan-metals-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: https://www.resource-capital.ch/en/disclaimer/ 

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