Copper prices are a boon for copper companies

Since 2021, the price of copper has remained at a relatively high level. There were sharp price increases in 2004 and 2011. The reason for the high price of the reddish metal is undoubtedly the trend toward electromobility. This is because electric vehicles contain about four times as much copper as conventional internal combustion engines. Copper is a component of alloys and is used in electronics and electrical engineering, construction, aircraft and shipbuilding, as well as in mechanical and plant engineering.

The momentum in new registrations of electric vehicles continues to grow. While nearly one in five newly registered passenger cars in this country was fully electric in 2025, by the first quarter of 2026 it was already nearly one in four. Compared to the previous year, new registrations of electric cars rose by more than 40 percent in 2025. Coca-Cola is Germany’s largest beverage manufacturer and has converted its entire fleet—about 1,600 vehicles—to electric vehicles since the end of 2025.  Incidentally, the Pope also drives an electric vehicle in his Popemobile.

Given high fuel prices, more and more people will consider purchasing an electric vehicle. When comparing electric cars to internal combustion engines overall, it becomes clear that the running costs for electric cars are generally lower, as are maintenance costs. And vehicle tax is waived until 2035 at the latest. Charging conditions and usage are other important factors. And without copper, there really is no such thing as an electric car. This is because the raw material is essential for batteries, cables, and motors. Mining companies that produce copper are benefiting from the electric mobility trend and high copper prices.

Axo Copper – https://www.commodity-tv.com/ondemand/companies/profil/axo-copper-corp/ – owns the La Huerta copper project in Mexico. It covers approximately 11,300 hectares and is a new copper discovery in the promising Sierra Madre belt. The latest drill results are extremely positive (for example, 2.26 percent copper and 6.29 grams of silver per ton of rock, as well as a 4.2-meter interval with 3.69 percent copper and 9.33 grams of silver per ton of rock). The company recently acquired Sapuchi Minera and, with it, the San Antonio Gold Project in Mexico, which is at an advanced stage of development.

Mogotes Metals – https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ – is in the exploration and development stage and owns copper and gold projects in the promising Vicuña District in Argentina and Chile. The Filo Sur copper project (Argentina) appears particularly promising, where four drilling rigs are currently in operation. A private placement has injected new funds into the company’s coffers.

Current company information and press releases from Axo Copper (- https://www.resource-capital.ch/en/companies/axo-copper-corp/ -) and Mogotes Metals (- https://www.resource-capital.ch/en/companies/mogotes-metals-inc/ -).

Further information is also available in our new Battery Metals Report at the following link: https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-04/

Sources: Axo Copper, Mogotes Metals,

https://www.elektroauto-news.net/news/kostencheck-elektroauto-verbrenner;

https://www.elektroauto-news.net/news/mobilitaetsmonitor-elektromobilitaet-deutschland-ladeinfrastruktur-boom;

https://www.gold.de/kurse/kupferpreis/#minen;

https://www.resource-capital.ch/en/reports/view/battery-metals-report-2025-04/

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