Strong prices for copper as a raw material
(PresseBox) - Copper price approaches US$10,000 per tonne.
Chile produces the most copper worldwide. In 2021 as a whole, Chile produced 1.9 percent less copper than in 2020, making 2021 the weakest production year in four years. This was due to various problems such as technical difficulties or water shortages. And the drought is still present. Copper grades are also decreasing. And the Corona pandemic is still slowing down production. Copper applications are diverse, as the reddish metal resists corrosion and is an excellent conductor of heat and electricity. It is indispensable for the sustainable development of society.
The Copper Study Group expects copper supply to outweigh demand in the current year. Others do not share this opinion, for example, Cochilco forecasts a supply deficit, albeit small, in relation to Chile for 2022. Cochilco is the Chilean Copper Commission, recognized by the national and international mining industry as a reputable source of information. From a global perspective, Cochilco expects copper supply to grow. At the same time, a number of factors will increase copper demand. For example, due to the increasing number of new registrations of electric vehicles.
Electric cars, which consume many times more copper, have increased enormously in Germany alone. While around 64,000 fully electric vehicles were newly registered in 2019, the figure for 2021 was around 356,000 e-cars, an increase of around 463 percent. With demand from the renewable energy sector also on the rise, companies with copper should be well equipped for the future, such as Copper Mountain Mining or Hannan Metals.
Copper Mountain Mining - https://www.youtube.com/watch?v=h-Pc6tkcRAs - owns 75 percent of the producing Copper Mountain Mine in British Columbia, the Eva copper project in Australia (development stage) and another land package in the Mount Isa area.
Hannan Metals - https://www.youtube.com/watch?v=EPhvb6QGDXs - has a large prospective project, its San Martin copper-silver project in Peru. Recent assays, for example, returned 10.8 percent copper and 124 grams of silver per ton of rock.
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.
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Datum: 04.02.2022 - 01:40 Uhr
Sprache: Deutsch
News-ID 654865
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