Copper - what else
Since the beginning of 2025, the price of the reddish metal has increased.
(PresseBox) - In the long term, a supply deficit is forecast on the copper market. The reddish metal is used in renewable energies and transportation systems. It is an important component of the energy transition and is also needed for the digital infrastructure (electricity grids). Interruptions in production often result in a lower supply of copper. In Panama, for example, the Cobre Panama copper mine has been closed since November 2023 due to disputes with the government and mining opponents. This mine could have supplied an estimated 1.75% of global production in 2024, making it one of the most important in the world. The Supreme Court had declared the concession for the mine unconstitutional.
According to forecasts, the annual demand for copper will double by 2035 and amount to around 50 million tons. Copper could therefore remain in short supply for decades. The price is therefore rising, and producers are becoming interesting takeover candidates. New deposits are rarely discovered, and the sought-after metal often lies deep underground. The fact that there could be a copper deficit is shown by the fact that copper contents have fallen by around 24 percent in recent years. The current copper content is usually only 0.5 percent on average. The costs and time required for new projects are increasing and environmental permits are becoming ever stricter. Copper producers are striving for higher production figures. Anglo American PLC and Codelco have joined forces to increase production at their neighboring copper mines in Chile. The cooperation is to run for 21 years, with both partners continuing to operate their concessions separately. Incidentally, most of the copper comes from Chile.
But there is also copper in Arizona, namely in the Arizona Sonoran Copper - https://www.commodity-tv.com/ondemand/companies/profil/arizona-sonoran-copper-company-inc/ - projects. The Cactus project is progressing well and the company s targets for 2025 are fully funded.
Foran Mining - https://www.commodity-tv.com/ondemand/companies/profil/foran-mining-corp/ - has two very promising projects in Saskatchewan, Canada. They contain copper, zinc, gold and silver.
Current company information and press releases from Foran Mining (- https://www.resource-capital.ch/en/companies/foran-mining-corp/ -) and Arizona Sonoran Copper Company (- https://www.resource-capital.ch/en/companies/arizona-sonoran-copper-company-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.
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Unternehmensinformation / Kurzprofil:
Datum: 02.04.2025 - 08:56 Uhr
Sprache: Deutsch
News-ID 719878
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"Copper - what else"
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