Have zinc and copper on screen
Base metals have settled in terms of prices. Market environment still tight and favoring higher prices.
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Zinc has a firm place in the world economy, it is impossible to imagine life without it. It has been used for around 500 years. Steel parts and iron are galvanized with it. The raw material is also used in medicine, alloys and batteries. The better the world economy is doing, the more zinc is being processed. Currently, productivity activities are on the rise, just think of the automotive industry. Increased demand for zinc is coming from Europe, Asia excluding China and other regions. Chinese zinc demand should remain strong. Only the strict emission guidelines in China could possibly have a counteracting effect.
Commodity experts at UBS, a major bank, expect copper to rise even higher in price in the second half of 2021, after reaching an all-time high in May. This is because the copper market is likely to be in deficit this year and next. Copper demand is expected to grow by 4.9 percent in 2021. Decarbonization efforts by major economies are also partly responsible for this. Germany, for example, expects to become climate-neutral by 2045. And the technologies required for this need copper. Wind and solar energy must be expanded. Electromobility is advancing so rapidly that the end of the combustion car by 2030 is a realistic scenario. All this will drive copper demand.
This means that companies with zinc, such as Osisko Metals, are also in the spotlight. With its focus on base metals, the Pine Point project, one of the most important zinc mining deposits in Canada, is a particularly important item in Osisko Metals' portfolio. It is located in the Northwest Territories.
Copper, for example, is held by Torq Resources - https://www.youtube.com/watch?v=XT9ZJxkYYH8 - in the Margarita copper-gold project in Chile. Recently, an option on a 100 percent interest in the Andrea copper project in northern Chile was added.
Current corporate information and press releases from Osisko Metals (https://www.resource-capital.ch/en/companies/osisko-metals-inc/) and Torq Resources (https://www.resource-capital.ch/en/companies/torq-resources-inc/).
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