Copper market remains tight
The copper price is once again trading well above US$7,000 per ton
(PresseBox) - In the second quarter of 2022, copper prices fell significantly. This was surprising in that the copper market is tight. The International Copper Study Group expects an oversupplied copper market this year and next. However, this is based on investments in existing properties and in new mines, and these investments are only available at a copper price between US$7,000 and US$7,500 per ton ("incentive price") - which copper has just reached again. Nevertheless, some investment plans, such as in Chile, may fail due to higher mining taxes. It is therefore still uncertain whether the estimates of the International Copper Study Group will come true. If the copper market is not expanded, the forecast supply surplus is more likely to turn into a deficit.
Without copper, the global economy would not function, nor would renewable energies. Electromobility consumes large quantities of copper, as do infrastructure projects, and there is huge pent-up potential in many parts of the world, for example in the USA or in emerging countries such as China and India. Just now, the prospects of not-so-aggressive U.S. rate hikes by the Fed have brought copper back to investors attention and pushed the price higher. Investors appetite for risk could return and make investments in copper worthwhile.
In British Columbia, Copper Mountain Mining holds 75 percent of the successfully producing Copper Mountain copper mine. Another copper project in Australia and a property in the Mount Isa area complete the portfolio.
In Peru, Hannan Metals - https://www.youtube.com/watch?v=_m8RXwFdfVY - focuses on copper, gold and silver and owns one of the largest land areas there.
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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Unternehmensinformation / Kurzprofil:
Datum: 05.08.2022 - 01:52 Uhr
Sprache: Deutsch
News-ID 664952
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"Copper market remains tight"
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