What analysts think about the coming copper price
After the price crash in March, the copper price has made an excellent recovery. Investing News Network asked copper industry experts about the future of the metal. Several times, the enormously rapid recovery in China, the largest consumer of copper, was pointed out. The economy in China regained strength very quickly and copper demand picked up strongly, almost dramatically, faster than expected.
Copper mine production in Chile, an important copper country, was also robust. Many also believe that the vaccine will bring hope for a stronger recovery in copper demand in the first place. China, a major copper consumer, will need even more copper, according to some analysts, due to its planned infrastructure measures.
In addition, economic stimulus measures, an expected recovery of the automotive sector and lively construction activities will fuel copper consumption in China in the new year. Another country that analysts expect to see high demand growth is India. And after a decline in activity in Japan and Europe, growth here should also ensure more copper demand.
Even if the vaccinations against Corona will not provide such a recovery in the first quarter, confidence and thus investments will increase, a positive signal for the copper price and also for companies with copper in the ground.
There is Hannan Metals - https://www.youtube.com/watch?v=Zll4uT2KEd8 -, for example, with its large San Martin project in Peru. This contains copper and silver. Other projects in Ireland are on the company's radar screen.
Aztec Minerals - https://www.youtube.com/watch?v=XqKGV17QcFw - also has copper on its Tombstone project, in addition to gold, silver, zinc and lead. This is located in Mexico, as is Aztec Minerals' Cervantes gold-silver project.
Current corporate information and press releases from Hannan Metals ( https://www.resource-capital.ch/en/companies/hannan-metals-ltd/).
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