The announcement of production cuts causes the copper price to rise.
In Peru, a large copper mine has predicted major production cuts. This mine, after all, represents about two percent of the world's copper supply. Chile reported that copper production was down 4.3 percent in September, and Chile is the top copper producing country. China also appears to be experiencing a supply shortage of copper. Although the U.S. housing market has come under pressure, which could reduce copper demand, the copper price showed strength. Demand for copper from solar and wind energy and the electric mobility sector should be high in the coming years. Headwinds for the red metal are global growth concerns. But even if China's economy is growing at a slower pace, growth is there. A market deficit, albeit small, is generally expected for this year and next.
As long as there are concerns about a global recession, the market situation for copper will remain difficult and a significant price upturn in the near future is unlikely. In the long term, however, demand is likely to be robust, as copper is necessary for climate change. Some analysts expect demand to outstrip supply in the longer term from 2023. By 2030, there could even be a copper deficit of an estimated nine million tons, because the electrification wave is rolling, and it will consume large quantities of copper. That's where companies with copper in their projects, such as Torq Resources or Aztec Minerals, come in handy.
In Chile, Torq Resources - https://www.youtube.com/watch?v=kqKhpntk7tA - has promising projects with gold and copper. The company scores with a proven management team.
Aztec Minerals - https://www.youtube.com/watch?v=5D0A-u_wrQM - has the prospective Cervantes property in Mexico (gold and copper) and the historic Tombstone properties in Arizona (gold, silver, zinc, lead).
Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-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/
In Peru, a large copper mine has predicted major production cuts. This mine, after all, represents about two percent of the world's copper supply. Chile reported that copper production was down 4.3 percent in September, and Chile is the top copper producing country. China also appears to be experiencing a supply shortage of copper. Although the U.S. housing market has come under pressure, which could reduce copper demand, the copper price showed strength. Demand for copper from solar and wind energy and the electric mobility sector should be high in the coming years. Headwinds for the red metal are global growth concerns. But even if China's economy is growing at a slower pace, growth is there. A market deficit, albeit small, is generally expected for this year and next.
As long as there are concerns about a global recession, the market situation for copper will remain difficult and a significant price upturn in the near future is unlikely. In the long term, however, demand is likely to be robust, as copper is necessary for climate change. Some analysts expect demand to outstrip supply in the longer term from 2023. By 2030, there could even be a copper deficit of an estimated nine million tons, because the electrification wave is rolling, and it will consume large quantities of copper. That's where companies with copper in their projects, such as Torq Resources or Aztec Minerals, come in handy.
In Chile, Torq Resources - https://www.youtube.com/watch?v=kqKhpntk7tA - has promising projects with gold and copper. The company scores with a proven management team.
Aztec Minerals - https://www.youtube.com/watch?v=5D0A-u_wrQM - has the prospective Cervantes property in Mexico (gold and copper) and the historic Tombstone properties in Arizona (gold, silver, zinc, lead).
Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-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/
