Not only are gold and silver prices pleasing investors at the moment. Copper has also risen even more strongly in price this year.
Copper is considered an indicator of the global economy, hence the name "Dr. Copper". When the price of the reddish metal rises, economic activity picks up. The energy transition is advancing, and this is consuming copper. Thus, China, among many other countries, is also investing in green infrastructure. The country is already stocking up on copper, as Chinese inventory data shows. Last year, the copper price did not bring much joy, but now there seems to be a turning point. Electric vehicles require approximately 180 to 190 pounds of copper in production.
Artificial intelligence also demands more copper because this sector relies on a gigantic electricity consumption. As the demand for copper increases, despite the global economy still faltering, and supply is limited, many analysts predict rising copper prices. Surpassing the $10,000 mark sustainably is likely only a matter of time.
There are hardly any new copper projects, and existing mines are struggling with declining ore grades. So, the new areas of demand are now adding to the construction sector, an important consumer of copper. Copper demand increased by 3.6 percent in 2023. An annual increase of about four percent is predicted for the coming years. A deficit in Dr. Copper is expected this year and especially in the following years. The low price of around $7,000 per ton of copper, seen in 2022, is likely to be a thing of the past. Among the interesting companies that have copper on their radar alongside gold (always noteworthy) are, for example, GoldMining or Osisko Gold Royalty among the royalty companies.
GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - has gold and gold-copper properties in North and South America and one of the largest gold resources globally.
Osisko Gold - https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ - Royalties boasts over 180 royalties and streams in terms of gold and copper. The company has just increased its quarterly dividend by eight percent.
For current company information and press releases from GoldMining (- https://www.resource-capital.ch/de/unternehmen/goldmining-inc/ -) and Osisko Gold Royalties (- https://www.resource-capital.ch/de/unternehmen/osisko-gold-royalties-ltd/ -).
In accordance with §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned and thus a potential conflict of interest may exist. No guarantee for the translation into German. Only the English version of these messages is valid.
Disclaimer: The information provided does not constitute any recommendation or advice. Please be advised of the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that stocks and especially options investments are generally associated with risks. The total loss of the capital invested cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all content. Despite careful content control, I expressly reserve the right to make errors, particularly with regard to figures and prices. The information contained herein is sourced from reliable sources but does not claim to be correct and complete. Due to court rulings, the contents of linked external sites are also to be held responsible (including, among others, the Hamburg Regional Court in the judgment of May 12, 1998 - 312 O 85/98), as long as no explicit distancing is made from these. Despite careful content control, no liability is assumed for the content of linked external pages. The respective operators are solely responsible for their content. Additionally, the disclaimer of Swiss Resource Capital AG applies: https://www.resource-capital.ch/de/disclaimer-agb/.
Copper is considered an indicator of the global economy, hence the name "Dr. Copper". When the price of the reddish metal rises, economic activity picks up. The energy transition is advancing, and this is consuming copper. Thus, China, among many other countries, is also investing in green infrastructure. The country is already stocking up on copper, as Chinese inventory data shows. Last year, the copper price did not bring much joy, but now there seems to be a turning point. Electric vehicles require approximately 180 to 190 pounds of copper in production.
Artificial intelligence also demands more copper because this sector relies on a gigantic electricity consumption. As the demand for copper increases, despite the global economy still faltering, and supply is limited, many analysts predict rising copper prices. Surpassing the $10,000 mark sustainably is likely only a matter of time.
There are hardly any new copper projects, and existing mines are struggling with declining ore grades. So, the new areas of demand are now adding to the construction sector, an important consumer of copper. Copper demand increased by 3.6 percent in 2023. An annual increase of about four percent is predicted for the coming years. A deficit in Dr. Copper is expected this year and especially in the following years. The low price of around $7,000 per ton of copper, seen in 2022, is likely to be a thing of the past. Among the interesting companies that have copper on their radar alongside gold (always noteworthy) are, for example, GoldMining or Osisko Gold Royalty among the royalty companies.
GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - has gold and gold-copper properties in North and South America and one of the largest gold resources globally.
Osisko Gold - https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ - Royalties boasts over 180 royalties and streams in terms of gold and copper. The company has just increased its quarterly dividend by eight percent.
For current company information and press releases from GoldMining (- https://www.resource-capital.ch/de/unternehmen/goldmining-inc/ -) and Osisko Gold Royalties (- https://www.resource-capital.ch/de/unternehmen/osisko-gold-royalties-ltd/ -).
In accordance with §34 WpHG, I would like to point out that partners, authors, and employees may hold shares in the companies mentioned and thus a potential conflict of interest may exist. No guarantee for the translation into German. Only the English version of these messages is valid.
Disclaimer: The information provided does not constitute any recommendation or advice. Please be advised of the risks involved in securities trading. No liability can be assumed for damages resulting from the use of this blog. I would like to point out that stocks and especially options investments are generally associated with risks. The total loss of the capital invested cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all content. Despite careful content control, I expressly reserve the right to make errors, particularly with regard to figures and prices. The information contained herein is sourced from reliable sources but does not claim to be correct and complete. Due to court rulings, the contents of linked external sites are also to be held responsible (including, among others, the Hamburg Regional Court in the judgment of May 12, 1998 - 312 O 85/98), as long as no explicit distancing is made from these. Despite careful content control, no liability is assumed for the content of linked external pages. The respective operators are solely responsible for their content. Additionally, the disclaimer of Swiss Resource Capital AG applies: https://www.resource-capital.ch/de/disclaimer-agb/.
