Megacities devour raw materials
The emergence of megacities in Asia has also changed the world of raw materials. Cities in China have grown at an unprecedented pace. By 2035, forecasters predict, at least six of China's megacities will join the ranks of the world's ten richest cities. In India, it is more the medium-sized cities that are experiencing growth. Young and middle-aged people in particular are drawn to these cities, incomes are growing, and that has consequences.
More cars and also more electronic devices such as smartphones or laptops are being purchased, and the infrastructure networks have to grow along with them. Consequently, demand for the necessary raw materials such as steel, copper, aluminum or nickel is also increasing. In the long term, copper in particular should benefit. This is because, on the one hand, demand for electromobility is increasing and, on the other, we are in a transition from fossil fuels to renewable energies. The power grid is also being expanded in many parts of the world.
If we look at the number of cars per household, the catch-up potential in India is particularly large compared with the USA, for example. After all, India lags behind the USA with around 95 percent, while China's share is around 75 percent. It is therefore not surprising that copper is seen as having a great future.
This should also give companies with copper in the ground good prospects for success, such as Hannan Metals and Copper Mountain Mining.
Hannan Metals is pleased with the latest drill results (up to 25.6 percent copper and 28 grams of silver per ton of rock) at its San Martin property in Peru.
Copper Mountain Mining - https://www.youtube.com/watch?v=ytjWJNxxAMY, with a 75 percent interest in the Copper Mountain copper mine in British Columbia, reported record production in the fourth quarter of 2020.
Current corporate information and press releases from Hannan Metals (https://www.resource-capital.ch/de/unternehmen/hannan-metals-ltd/) and Copper Mountain Mining (https://www.resource-capital.ch/de/unternehmen/copper-mountain-mining-corp/).
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