Finanzen / Bilanzen

Copper is indispensable for decarbonization and electrification

Copper is the metal that is becoming increasingly important for CO2 reduction and sustainable development. It is an indispensable component in many areas. This should also increase the value of the industrial metal and the mining companies that have it in their projects. A tonne of copper currently costs just under 9,500 US dollars. At its peak, more than 10,000 US dollars had to be paid. In 2021, the price was still around USD 6,800 per tonne. According to estimates by the International Copper Study Group at the end of April, there is a surplus on the copper market. More precisely, the ICSG expects a surplus of 289,000 tons of copper in 2025 and 209,000 tons in 2026.

However, demand for the reddish metal is high. The latest trade data from China confirms this and China is the most important copper consumer. Although copper imports were lower in April than in March, copper ore imports reached a record level. A shortage outside China is therefore possible. The ICSG expects mine production to grow by 2.3% in 2025 and 2.5% in 2026. This is because additional production volumes are expected from Congo, Mongolia and Russia on the one hand, but a decline in production is anticipated in Australia, Kazakhstan and Indonesia on the other. A certain nervousness can be felt on the copper market, but the long-term trend, which makes copper indispensable, should allow the metal to shine.

Mogotes Metalshttps://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ – has projects in Chile and Argentina in the promising Vicuña district. The flagship project is the Filo Sur copper project (Argentina).

Meridian Mininghttps://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ – has copper, zinc, gold and silver in Brazil. The Cabaçal open-pit mining project appears to be particularly lucrative . Both companies can look forward to good drilling results.

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.

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/

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