Entry opportunities in industrial metals
Fears about the real economy are putting pressure on metal prices. Lead and zinc, in particular, currently have to be left unfeathered. Restraint is probably the current motto among market participants. Because prices for industrial metals should actually be at a higher level.
Currently, aluminium has made up ground after it became known that Rusal (Russia's largest aluminium producer) is targeting production cuts due to US sanctions. For zinc, a metal that is heavily dependent on the global economy, the zinc market was relatively balanced in the first half of 2018 and the price was around EUR 3,000 per tonne. This had a dampening effect on demand. Now the price is around 2,340 US dollars per ton, which is significantly lower.
Demand should therefore pick up again and help the price to rise again. Zinc One is one of the zinc companies. Two promising zinc projects, Bongará and Charlotte-Bongará in Peru, are part of the portfolio. The first project had already produced earlier. Both projects should be ready for production again as soon as possible.
As is well known, copper is another important economic metal. The price is currently on the rise again, just over 6,000 US dollars per tonne of copper. The reason for this is certainly China's and the USA's current agreement to sit down for talks on the trade dispute. A weakening US dollar also does the rest. Copper Mountain Mining - https://www.commodity-tv.net/c/search_adv/?v=298551 - is a favourite copper company. About 100 million pounds of copper equivalent per year comes from the Copper Mountain Mine in British Columbia, with the company owning 75 percent of the mine.
Current company information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp.html).
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