Demand for commodities is rising globally
(PresseBox) - Industrialized countries are focusing on decarbonization and digitalization. This requires resources.
Broadly speaking, countries must enhance their extraction and recycling activities, with particular attention to critical resources. Critical resources are those deemed essential for technological development and the economy, with potential supply deficits. The US Department of Energy has recently updated the list of classified critical resources. Copper and graphite have been added, marking a premiere for copper.
Copper is a crucial resource for electrification. Shortages of the reddish metal are expected over the next ten years. Precious metals such as those in the platinum group, essential for hydrogen electrolyzers, are also now considered critical. On the other hand, palladium is no longer classified as critical as catalysts are declining. Copper s classification as a critical metal stems from the forecast of insufficient new projects and declining ore grades in copper projects. The European Union has legislation concerning critical raw materials, aiming to secure around 10% of annual resource needs by 2030, process 40%, and recycle 15%.
Even though industrial metals are currently suffering from China s somewhat disappointing economic data, copper, for instance, remains one of the most important and nearly irreplaceable resources for the future. Its price should also rebound.
For example, Torq Resources - https://www.youtube.com/watch?v=i5nMjOVqTno - holds copper in the ground. The copper and gold exploration company has significant interests in Chile, including the gold-copper project Santa Cecilia.
Aurania Resources - https://www.youtube.com/watch?v=skSS4U8X-LE&t=4s - is active in South America with gold, silver, and copper. Its flagship project is The Lost Cities ?? Cutucu project in southeastern Ecuador.
For current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and 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 companies mentioned and thus a possible conflict of interest may exist. No guarantee for the translation into German. Only the English version of this news is valid.
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Datum: 17.08.2023 - 01:16 Uhr
Sprache: Deutsch
News-ID 689371
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