Copper is becoming scarce - good for companies with copper
Copper is one of the most important components of the energy transition. Forecasts predict higher copper prices.
(PresseBox) - The amount of copper required worldwide is increasing all the time. We can't do without cables and batteries. At the same time, new discoveries of copper deposits are few and far between. In addition, the copper content is declining, while at the same time copper mining is becoming increasingly expensive. It is therefore not surprising that some mining companies, such as Barrick Gold, are also seeking their fortune in riskier areas. Once the net-zero economy becomes a reality, demand for raw materials will presumably fall. Before that, however, billions of tons of metals will be needed to create the necessary infrastructure. Whether wind turbines or electromobility, these areas consume more copper than their conventional predecessors.
It is not only electricity generation and vehicles that are to become lower in CO2 emissions; industry is also a major source of emissions. Cement and steel production, for example, causes around five times as many emissions as aviation. The decarbonization of heavy industry will still demand a lot, because it is not easy to achieve. When it comes to copper, China is always the largest consumer. According to its own figures, the economy there grew by five percent. Massive economic stimulus programs were also launched towards the end of 2024 to support the economy. In terms of exports, the Middle Kingdom even set a new nominal record. China's imports of unprocessed copper reached a 13-month high in December last year. Demand therefore appears to be picking up again
Mogotes Metals - https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ -, for example, which is active in Chile and Argentina, has copper in the ground. The Filo Sur copper project in the Vicuña district (Argentina) stands out in particular.
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 boasts a very good preliminary economic assessment.
Current company information and press releases from Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -) and Mogotes Metals (- https://www.resource-capital.ch/en/companies/mogotes-metals-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: 13.02.2025 - 12:26 Uhr
Sprache: Deutsch
News-ID 717587
Anzahl Zeichen: 4443
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