The red gold for the energy transition is copper
Copper is needed for the electrification of the economy, for the high-tech sector, for electromobility and infrastructure projects
(PresseBox) - Possible tariffs on copper imports by the US government are currently a hot topic. The reddish metal is the most important raw material for the energy transition. One possible advantage would be that copper companies would be strengthened. In the long term, the unanimous opinion is that copper demand will increase significantly from 2026. Copper imports from Canada and Mexico would be particularly affected by the tariffs, as these are the two largest copper suppliers to the USA. One thing is that copper tariffs could fuel inflation. This is because the USA itself produces less copper than it needs, so it has to import it. Tariffs cause more costs, which will presumably ultimately have to be paid by the consumer, for example the buyer of an electric car.
Incidentally, Germany imports most of its goods from China and the USA. In any case, the various areas of application for the metal, such as in the military sector, in artificial intelligence or in the expansion of data centers, will significantly boost copper consumption. About a year ago, copper was more expensive than ever. The fact that the price then fell again was probably mainly due to China's economy, which did not recover as quickly as hoped. No other country consumes as much copper as China, but demand fell at that time.
In addition, the global economy was not in the best of shape. Today, global economic development is looking rosier again. The global economy is forecast to grow by 3.3 percent in 2025. The highest growth rates will probably be seen in China and India. If you want to bet on copper, you can do so with stocks such as Mogotes Metals or Meridian Mining.
Mogotes Metals - https://www.commodity-tv.com/play/mogotes-metals-start-of-exploration-on-the-newly-claimed-ground-next-to-filo-del-sol/ - has projects in Chile and Argentina in the promising Vicuña district. The Filo Sur copper project (Argentina) is particularly noteworthy.
Meridian Mining - https://www.commodity-tv.com/play/mining-news-flash-with-meridan-mining-endeavour-silver-and-millennial-potash/ - has copper, zinc, gold and silver in Brazil. The Cabaçal open-cast mining project has a very good preliminary economic assessment.
Current company information and press releases from Meridian Mining (- https://www.resource-capital.ch/de/unternehmen/meridian-mining-uk-societas/ -) and Mogotes Metals (- https://www.resource-capital.ch/de/unternehmen/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 mentioned and therefore a possible conflict of interest exists. No guarantee for the translation into German. Only the English version of this news is valid.
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Unternehmensinformation / Kurzprofil:
Datum: 05.03.2025 - 07:49 Uhr
Sprache: Deutsch
News-ID 718579
Anzahl Zeichen: 4747
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Contact person: Jörg Schulte
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