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The copper price is on its way

Although the path of the copper price could be bumpy, fundamental data and demand are positive for the further development

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The first quarter of 2020 was not pleasing for the copper industry. Price declines of around 20 per cent and falling demand caused the reddish metal to suffer. Today, the pound of copper costs 2.60 US dollars again, and the tonne of copper is around 5,785 US dollars. The main consumer is China. A steady, albeit slow, recovery is evident there. The resumption of China's economic efforts ensured the price recovery. In addition, there was a shortage of supply from the scrap market and continuing supply disruptions.

Huge economic stimulus packages, the largest from the US Federal Reserve, the European Central Bank and from China, could give a further boost to the copper price. Important areas in this respect are investments in construction and infrastructure. The way in which governments are manoeuvring their economies out of the current recession is also likely to be decisive.

The economies will recover and normalize, albeit not synchronously. After the financial crisis, copper prices rose massively. Although the crisis is now somewhat different - a self-made shutdown of the global economy - compared to 2008/2009, a positioning in copper values could now be worthwhile.

Copper in their projects have, for example Copper Mountain Mining or Aurania Resources. Copper Mountain Mining owns 75 percent of the Copper Mountain Mine in British Columbia: https://www.commodity-tv.com/play/copper-mountain-mining-updated-feasibility-study-for-little-eva-project/. This mine produces around 90 million pounds of copper equivalent per year. The 100 percent owned Eva Copper project in Australia is currently under development.

Aurania Resources focuses on copper and precious metals at its main project, The Lost Cities Cutucu Project in the Andes in Ecuador: https://www.commodity-tv.com/play/newsflash-with-rnc-minerals-discovery-metals-isoenergy-and-aurania-resources/.

Recent corporate news and press releases from von Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/) and Aurania Resources (https://www.resource-capital.ch/en/companies/aurania-resources-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 
applies: https://www.resource-capital.ch/en/disclaimer/ 

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Always up to date with the newsletter from SRC

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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