Deficit looms for some base metals this year
(PresseBox) - Especially for the most common base metals copper, zinc, nickel or aluminum an undersupply is to be expected.
This is the view of the International Copper Study Group. Production is supposed to be sustainable and energy prices have gone up enormously. Aluminum, for example, ran a deficit of around one million tons last year. In the case of copper, there was a supply deficit of just under 300,000 tons in the first ten months of 2021. Much less was previously expected. Even though supply is expected to increase, experts still anticipate a deficit in 2022. Currently, there are around 870 million tons of copper reserves worldwide that can still be mined economically under current conditions. Copper resources are even expected to be between 2.1 billion and 3.5 billion tons. In addition, there are large quantities of copper that exist under water or in massive sulfides on land.
So, copper should not run out. After all, since 1960, on average, there are always 38 years of reserves and even greater quantities of resources, not to mention recycling, which plays a significant role. After all, copper is not consumed. From 2010 to 2020, about 207 million tons of copper were mined. But there has also never been a time when so much copper has been needed, for example on the part of green energies (wind, solar) or on the part of the automotive industry (electric vehicles). Copper is a metal of the future that can provide sustainability. With a growing world population and new innovative technologies, copper is more in demand than ever. The reddish metal, which is a semi-precious metal, is increasingly in demand and has therefore also risen significantly in price.
Those looking to bet on copper can look to mining companies with copper in the ground. Hannan Metals - https://www.youtube.com/watch?v=EPhvb6QGDXs - is targeting copper-silver and copper-gold deposits in Peru and now has a significant land position there.
In British Columbia, Kutcho Copper - https://www.youtube.com/watch?v=M-1LW2OIpqQ - is expanding and developing the Kutcho copper-zinc project. This covers an area of approximately 17,000 hectares of land.
Current corporate information and press releases from Kutcho Copper (- https://www.resource-capital.ch/en/companies/kutcho-copper-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: 18.02.2022 - 00:54 Uhr
Sprache: Deutsch
News-ID 655479
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"Deficit looms for some base metals this year"
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