Gold and copper shine
(PresseBox) - ?
Perhaps there will be another high in the copper price this year similar to the one we saw about a year ago.
The copper price is currently around 8,500 US dollars per ton. A year ago, for example, there was an all-time high of more than 10,500 US dollars per ton of copper. An important factor is the recovery in demand from China, the world s largest copper consumer. In 2023, Chinese demand has been weaker than analysts expected. At the same time, the global macroeconomic outlook in the first quarter of 2023 is still not the best. Used the reddish metal in power grids, building construction or electronic products. Now the demand for copper seems to increase. Optimism seems to prevail for the rest of the year.
This is the view of the Chinese research institute Antaike, for example. The institute forecasts a 2.7 percent increase in demand this year compared with the previous year. The CRU Group also expects demand to be 2.8 percent higher. It said the pandemic policy change will result in higher demand in the medium to long term. However, a possible recession is seen as a threat to the copper price. On the other hand, the energy transition is likely to ensure copper demand, because batteries, electric motors, charging infrastructure, cabling and power lines need copper.
In mining, copper and gold are often combined in one project. This is actually not a bad thing for investors, because gold and gold shares are a must for investment. And if you want to bet on the green revolution, you can t get around copper.
For example, Torq Resources - https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ - owns copper and gold in Chile, according to the Santa Cecilia gold-copper project.
A more recently listed company, U.S. GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ -, but no less noteworthy, is currently exploring its Whistler project (gold and copper) in Alaska.
Current corporate information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -) and from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).
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/
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Datum: 25.07.2023 - 09:49 Uhr
Sprache: Deutsch
News-ID 688136
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"Gold and copper shine"
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