The construction season begins in China
Copper should therefore be in demand, with a copper deficit expected. Infrastructure plans require copper, as do electric vehicles, offshore wind farms and other stimulus projects. Electrification of transport and decentralized power generation are gobbling up copper cables, as are motors. As a result, voices are already being raised by industry insiders who predict that the price of copper will rise to $15,000 in the next ten years (such as Trafigura, an international Dutch commodity trading company).
For this reason, major mining companies such as Rio Tinto or BHP are also trying to find new copper deposits. It must be remembered that it can take more than ten years for a new discovery to be ready for production. For smaller mining companies with discoveries, this can be faster; they can build new mines in around five to ten years. Nevertheless, demand growth is expected to outpace copper supply.
A leading copper producing country is Australia. In 2019, almost one million tons of copper came from Australian mines. Among them is one of the largest copper mines in the world, the Olympic Dam mine, owned by BHP. The bulk of the copper produced Down Under goes to Asia and especially to China.
There are also profitable copper deposits in other regions of the world.
In British Columbia, the Copper Mountain Mine, in which Copper Mountain Mining - https://www.youtube.com/watch?v=YE2m9uXblk8 - holds a 75 percent stake, is producing. The fourth quarter of 2020 ended with record production.
Hannan Metals - https://www.youtube.com/watch?v=lb1XVw3cAWg - also has copper at its San Martin property in Peru, which has been scoring very well on drilling results. Copper and silver are contained in the approximately 656-square-kilometer project.
Current corporate information and press releases from Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Hannan Metals (https://www.resource-capital.ch/en/companies/hannan-metals-ltd/).
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