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Having the copper price on the screen

The development of the copper price was volatile, nevertheless experts expect the red metal to boom in the coming years

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Not only gold, but also copper has experienced a remarkable price rally in recent months. The hunger for copper is stimulated by the increasing electrification and the rising number of electric vehicles. For the fourth month in a row, the price of the cyclical metal is in the expansive range. China's economy is recovering visibly, and the country is now the largest consumer of copper. 

The copper requirements of the new digital economy, i.e. the digital infrastructure, must not be forgotten. In China, for example, this is being expanded to an extreme degree. Energy-intensive data centers and 5G networks need copper.

Many analysts see a copper price of US$ 7,000 per tonne for 2021. Since the 6,000 Euro mark has been passed, speculative investors have become wary and want to jump on the bandwagon. In addition, the Corona Pandemic has broken out strongly in Chile, the largest copper-producing country, where about 25 per cent of the world's copper is produced. An undersupply could develop. And the copper market has already become tight. 

As a result, copper stocks have already declined significantly. And supplies from the copper scrap sector, which is important for the copper supply, have also fallen sharply. Companies such as Copper Mountain Mining or Auryn Resources are needed to jump on the moving copper train.

Despite Corona, Copper Mountain Mine in British Columbia, in which Copper Mountain Mining holds a 75 percent interest, was able to report strong second quarter results in terms of production and finances.

Auryn Resources has high grade gold and copper projects, six in number, in Nunavut and Peru. A planned restructuring of the company should be beneficial to shareholders.

Recent corporate news and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Auryn Resources (https://www.resource-capital.ch/en/companies/auryn-resources-inc/).

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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Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

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