Zinc and copper are essential
(PresseBox) - In the automotive industry, and not only there, zinc and copper are indispensable.
The supply of zinc on the European market is limited. By the end of May, zinc inventories on the LME had fallen by a good eleven percent compared with April. As a result, zinc inventories in Europe were almost empty at the end of May. Currently, zinc costs just under US$3,600 per ton. The average AME Europe zinc spot price in May was US$3,785 per ton. So, the price is still some way off the April peak of US$4,527 per ton. The fundamentals for the metal are strong, all that s missing is an economic recovery to drive demand for zinc. The problem for automakers is supply chain issues. After all, order backlogs have even reached historic record levels, customers want to buy vehicles, but the industry can only deliver to a limited extent.
Copper is also an important raw material in the automotive industry. Besides, the green revolution does not work without the reddish metal. In May, Chinese demand for cars fell due to the zero-covid policy. And so, the price of copper has been on a downward trend since March. It is cheaper than it has been since last October. Perhaps this is the best chance to get in, because in the longer term, copper demand should pick up again. Experienced analysts also expect copper prices to return to the five-digit range by 2023 at the latest.
Among copper companies, Hannan Metals - https://www.youtube.com/watch?v=d24jQVrtkKE - appeals. As one of the largest landowners in Peru, the company develops sustainable metal deposits.
When it comes to zinc, Griffin Mining - https://www.youtube.com/watch?v=8RJs1mZ1ics - comes to mind. The company owns 88.8 percent of the Caijiaying zinc-gold mine in China, which is producing successfully and makes Griffin Mining the largest zinc producer in China.
Current corporate information and press releases from Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -) and Griffin Mining (- https://www.resource-capital.ch/en/companies/griffin-mining-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/
Unternehmensinformation / Kurzprofil:
Datum: 23.06.2022 - 02:04 Uhr
Sprache: Deutsch
News-ID 662460
Anzahl Zeichen: 0
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Internet
Diese Pressemitteilung wurde bisher 131 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Zinc and copper are essential"
steht unter der journalistisch-redaktionellen Verantwortung von
Swiss Resource Capital AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
