World Bank supports the conversion to clean energy
More recycling and reuse is therefore required for these two raw materials. Because even if the recycling rate were to be increased by 100 percent, this would still be too little. The demand should be too great. Copper, for example, is used in many technologies.
As the World Bank's Global Director for Energy and Raw Materials, Riccardo Puliti, points out, Covid-19 could make government and corporate commitment to climate-friendly technologies more important than ever. Copper can collect solar energy, radiate heat or be used as part of a heat pump. For example, copper is used in solar thermal, wind and geothermal energy (energy is converted into electricity and shipped, which is copper-intensive), as well as in photovoltaic technology.
All this is possible with the reddish metal, because the thermal conductivity is excellent and copper is also the metal with the lowest electrical resistance. Copper is increasingly used in the IT industry (production of microchips). In addition, copper is generally known as a metal for business cycles. Even if the global economy is not in the best shape at the moment, the Covid 19 crisis will be overcome at some point. China's economic stimulus programme, for example, provides for the additional issue of government bonds worth around EUR 128 billion. This is intended to boost the economy.
Companies with copper in their soil should therefore be able to look to the future with confidence despite the current situation. These include Copper Mountain Mining and Aurania Resources.
Copper Mountain Mining is developing the 100% owned Eva Copper Project in Australia. The company also holds a 75 percent stake in the producing Copper Mountain Mine in British Columbia.
Aurania Resources is pursuing an exciting project containing copper and gold with The Lost Cities-Cutucu property in the Andes of Ecuador. Recent sampling has revealed clear copper targets.
Recent corporate news and press releases from 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/).
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