Thousands of years ago, the reddish metal was already a crucial component in technological advancement. Today, copper is used in electric vehicles, wind turbines, power grids, and solar panels. Currently, about 80 percent of global primary energy still comes from fossil fuels. While this share is gradually decreasing thanks to renewable energy, there is significant room for increased copper demand. Renewable energy systems consume large amounts of metal, including the increasing trend toward electrification. In 2023, copper demand in China rose by nine percent, while global demand increased by approximately four percent. Economic activity, supply and demand, and currency fluctuations all influence the price of copper. Currently, inventories are low, and demand is high. Experts believe a copper deficit is not far off.
Before renewable energy spurred demand for copper, China was the main driver, with infrastructure projects and construction fueling the need for copper. Copper, interestingly, is found not only in the earth’s crust but also in plants, animals, and humans, where it is an essential component for health. More than half of the world’s refined copper production is attributed to China and the Democratic Republic of the Congo. Global copper mine production increased by about two percent in the first eight months of 2024. During the same period, global copper demand rose by approximately 2.5 percent. A significant surge in copper demand has been particularly noticeable in Asia. While Asia’s share of global copper demand was around ten percent in 1960, it now exceeds 75 percent. With copper set to become increasingly important in the coming years and decades, companies that own copper resources are likely to see significant benefits. Examples include Mogotes Metals and Meridian Mining.
Mogotes Metals - https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ - operates in Chile and Argentina, with the Filo Sur copper project in Argentina’s Vicuña District standing out as particularly exceptional.
Meridian Mining - https://www.commodity-tv.com/play/mining-news-flash-with-uranium-royalty-cosa-resources-and-meridian-mining/ - holds mines in Brazil containing gold, silver, copper, and zinc. The Cabaçal deposit in Argentina is noteworthy for its highly favorable preliminary economic assessment.
For the latest company information and press releases from Mogotes Metals (– https://www.resource-capital.ch/de/unternehmen/mogotes-metals-inc/ –) and Meridian Mining (– https://www.resource-capital.ch/de/unternehmen/meridian-mining-uk-societas/ –).
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/
Before renewable energy spurred demand for copper, China was the main driver, with infrastructure projects and construction fueling the need for copper. Copper, interestingly, is found not only in the earth’s crust but also in plants, animals, and humans, where it is an essential component for health. More than half of the world’s refined copper production is attributed to China and the Democratic Republic of the Congo. Global copper mine production increased by about two percent in the first eight months of 2024. During the same period, global copper demand rose by approximately 2.5 percent. A significant surge in copper demand has been particularly noticeable in Asia. While Asia’s share of global copper demand was around ten percent in 1960, it now exceeds 75 percent. With copper set to become increasingly important in the coming years and decades, companies that own copper resources are likely to see significant benefits. Examples include Mogotes Metals and Meridian Mining.
Mogotes Metals - https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ - operates in Chile and Argentina, with the Filo Sur copper project in Argentina’s Vicuña District standing out as particularly exceptional.
Meridian Mining - https://www.commodity-tv.com/play/mining-news-flash-with-uranium-royalty-cosa-resources-and-meridian-mining/ - holds mines in Brazil containing gold, silver, copper, and zinc. The Cabaçal deposit in Argentina is noteworthy for its highly favorable preliminary economic assessment.
For the latest company information and press releases from Mogotes Metals (– https://www.resource-capital.ch/de/unternehmen/mogotes-metals-inc/ –) and Meridian Mining (– https://www.resource-capital.ch/de/unternehmen/meridian-mining-uk-societas/ –).
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/
