Copper demand soars
(PresseBox) - ?
Energy transition and artificial intelligence are increasing demand for copper.
The problem is that too little investment has been made in new copper deposits in the past. New sources of copper are now urgently needed. Industry heavyweight BHP has also recognized the situation and is trying to promote exploration with innovative programmes. There is a consensus that the demand for copper will increase due to general economic growth, digitalization and the energy transition - globally by an estimated 70 percent by 2070. It is not easy for new deposits to reach production maturity. Firstly, newly discovered deposits are few and far between and secondly, the lead times are very long, often taking 17 years to reach production. The latest data from the International Copper Study Group indicates that global copper mining production increased by around 1.5% between January and November 2024. More copper came from Congo, the Dominican Republic, Botswana, Serbia and Mongolia. There was a decline in production in Peru and the USA.
Global consumption of refined copper increased by 2.6% between January and November 2024. Overall, according to the International Copper Study Group, there appears to be a surplus of around 168,000 tons. An estimated 80 new mines would be needed in the future. Existing mines often suffer from declining ore qualities and ageing problems. According to forecasts, they will produce around 15 percent less copper in 2035 than they do today. Copper in mining projects should therefore be worthwhile.
Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - has copper, zinc, gold and silver in Brazil. The Cabaçal project has a very good preliminary economic assessment
Arizona Sonoran Copper - https://www.commodity-tv.com/ondemand/companies/profil/arizona-sonoran-copper-company-inc/ - is pleased to report progress on the Cactus Project (copper porphyry resource) in Arizona, in which the company has a 100% interest.
Current company information and press releases from the Arizona Sonoran Copper Company (- https://www.resource-capital.ch/en/companies/arizona-sonoran-copper-company-inc/ -) and Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -).
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: 24.02.2025 - 01:47 Uhr
Sprache: Deutsch
News-ID 718100
Anzahl Zeichen: 0
contact information:
Contact person: Jörg Schulte
Town:
Herisau
Phone: +49 (2983) 974041
Kategorie:
Financial Services & Insurance
Diese Pressemitteilung wurde bisher 135 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Copper demand soars"
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).
