Strong copper and zinc prices
Just under US$7,700 per ton of copper is a proud price and should please the copper companies. The reason is probably the Chinese industry, which is strong again after Corona and is now back on a growth path. The copper price is closely linked to economic activity. According to a report by Roskill, copper demand for electrical applications has increased in particular. Many wire and cable connections need copper. And so, according to Roskill, overall demand has risen from 60 percent in 2000 to 79 percent in 2018.
Copper is also used in copper pipes, in cars, in computers, consumer electronics and smart phones. Copper companies such as Copper Mountain Mining, - https://www.youtube.com/watch?v=yv1ZvZVmf8M&t=2s - which produce the metal in demand, should therefore always have sufficient customers in the future. Copper Mountain Mining owns 75 percent of the Copper Mountain Mine in British Columbia. An expansion of the mine has just been announced, which means higher production, lower costs and therefore more profit for the company.
Just as the LME Industrial Metals Index rose by around ten percent in November, another important metal that is on the way up in price, namely zinc, has also gained. The price increase over the last 18 months is primarily due to mine failures. There is also a strong demand for zinc from China. In August, the production of galvanized steel reached a record level, 16 percent more than in the same month last year.
Zinc is the raw material owned by Osisko Metals - https://www.youtube.com/watch?v=J5okUdwEnNI&t=1s - in its projects in Canada. The Pine Point Mining Camp and Bathurst Mining Camp zinc projects are also large projects.
Recent corporate news and press releases from Copper Mountain Mining (www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Osisko Metals (www.resource-capital.ch/en/companies/osisko-metals-inc/).
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