Recently, the World Copper Conference 2022 was held in Santiago.
High-ranking members of the copper world have gathered at the Copper Conference. The copper deficit, they say, will be around six million tons per year for the next decade. This means that about eight additional Escondida mines are missing, because the gap is enormous. This would require investments of around 100 billion US dollars. According to S&P Global Intelligence, there are currently about 22 copper projects that will go into production before 2026 and contribute about 1.5 million tons of copper annually. Nevertheless, forecasts predict that there will still be a shortfall of almost five million tons of copper by 2030. Currently, copper prices are at a decade high. But experts see even higher prices to come.
One problem, according to those familiar with the copper industry, is that at current prices, copper companies are making good money, but they can't accelerate higher copper supply due to a lack of historical exploration spending, development timelines and sustainability considerations. But the market needs copper faster than companies can deliver it. Many large copper producers have expanded mines in recent years rather than focusing on mergers and acquisitions with the goal of developing new mines.
But now a supply shortage looms, and growth efforts should be expanded urgently. Factors such as economics, geopolitical risks, resource quality or permitting risks also exist. Those looking to bet on copper can look at Kutcho Copper or Aztec Minerals.
Kutcho Copper - https://www.youtube.com/watch?v=M-1LW2OIpqQ - owns the Kutcho copper-zinc project in mining-friendly British Columbia. The company is financially strong and has a positive feasibility study.
Aztec Minerals - https://www.youtube.com/watch?v=Ptj6T9s04Lg - has in its portfolio the Cervantes porphyry gold-copper project in Mexico and interests in the historic Tombstone Silver District in Arizona.
Latest corporate information and press releases from Kutcho Copper (- https://www.resource-capital.ch/en/companies/kutcho-copper-corp/ -).
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/
High-ranking members of the copper world have gathered at the Copper Conference. The copper deficit, they say, will be around six million tons per year for the next decade. This means that about eight additional Escondida mines are missing, because the gap is enormous. This would require investments of around 100 billion US dollars. According to S&P Global Intelligence, there are currently about 22 copper projects that will go into production before 2026 and contribute about 1.5 million tons of copper annually. Nevertheless, forecasts predict that there will still be a shortfall of almost five million tons of copper by 2030. Currently, copper prices are at a decade high. But experts see even higher prices to come.
One problem, according to those familiar with the copper industry, is that at current prices, copper companies are making good money, but they can't accelerate higher copper supply due to a lack of historical exploration spending, development timelines and sustainability considerations. But the market needs copper faster than companies can deliver it. Many large copper producers have expanded mines in recent years rather than focusing on mergers and acquisitions with the goal of developing new mines.
But now a supply shortage looms, and growth efforts should be expanded urgently. Factors such as economics, geopolitical risks, resource quality or permitting risks also exist. Those looking to bet on copper can look at Kutcho Copper or Aztec Minerals.
Kutcho Copper - https://www.youtube.com/watch?v=M-1LW2OIpqQ - owns the Kutcho copper-zinc project in mining-friendly British Columbia. The company is financially strong and has a positive feasibility study.
Aztec Minerals - https://www.youtube.com/watch?v=Ptj6T9s04Lg - has in its portfolio the Cervantes porphyry gold-copper project in Mexico and interests in the historic Tombstone Silver District in Arizona.
Latest corporate information and press releases from Kutcho Copper (- https://www.resource-capital.ch/en/companies/kutcho-copper-corp/ -).
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/
