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How's Dr. Copper?

Copper stocks are at a low point. At the same time copper is in demand.

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How's Dr. Copper?

Copper stocks are at a low point. At the same time copper is in demand.

Copper demand is an indicator of the global economy, hence the name "Dr. Copper". This is because, unlike gold or silver, the reddish metal is used primarily in industry. In the second half of 2021, the recovery of the global economy seems to weaken. Commodity prices continue to rise and supply chains are still not at their best. But the figures from China in the purchasing managers' index for the manufacturing sector are not bad. In November, the index was at 50.1 points, October (49.6) and September (49.2) were lower. This is because China's energy problems weakened and so production was able to pick up again.

Copper prices reached record highs in October. The copper price is currently around 9,500 US dollars per ton. The record high was a good 10,725 US dollars per ton in May. The fact that copper is in high demand is mainly due to the need for clean energy technologies. Whether electric cars or wind turbines, copper is essential. According to forecasts, by 2030, 20 percent of global copper consumption could go to these renewable energies and electromobility. So, the energy transition is gobbling up more and more copper. What could have a negative impact on the copper price is an expected increase in copper supply from the mines.

Those who think positively that the pandemic will soon be overcome, including the new variant, and that the global economy will recover, could bet on companies with copper in their projects, for example Hannan Metals. In Peru, the company is successfully advancing the prospective San Martin copper-gold-silver project.

Torq Resources - https://www.youtube.com/watch?v=zIF_oyxVLXI - also has copper and gold in the ground, in Chile, with three projects in focus.

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