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Metal prices strive upwards


Supply shortfalls from Russia have to be factored in. This makes some metals significantly more expensive.

The price of aluminum has reached a new record high, nickel has become significantly more expensive, and zinc is more expensive than it has been since last fall, as is copper. Russia is one of the largest copper producers in the world. In 2021, Russian mines produced 820,000 tons of copper. According to Russian figures, Siberia is home to the world\-s third-largest undeveloped copper deposit. Copper, also known as the \”new black gold,\” is used in many areas as a corrosion-resistant metal that is an excellent conductor of electricity and heat. Whether in electromobility or renewable energy systems, copper is the metal of the energy transition. It is necessary to power green technologies and it improves energy efficiency.

The reddish metal is also used in mechanical engineering, telecommunications, electrical engineering, rocket technology and architecture. No matter how new and innovative the applications, they usually need copper.

One company dedicated to copper production, for example, is Copper Mountain Mining – https://www.youtube.com/watch?v=qpeVR-vSzas -. The company has a 75 percent stake in the producing Copper Mountain Mine in British Columbia. It also has a copper project in Australia and an additional land package in the Mount Isa area.

Zinc is also an essential metal that is used primarily in the automotive industry. Zinc currently costs around $4,000 per ton. This means that the price is higher than it has been for 15 years. And there will probably be a deficit again this year. Here it is probably more the sharp rise in energy costs that is driving up the cost of zinc smelting.

Those who want to bet on zinc can take a look at Griffin Mining – https://www.youtube.com/watch?v=7uFCyHCv-zs -. The company operates the lucrative Caijiaying mine in China (88.8 percent ownership). Zinc, gold, silver and lead are produced there.

Current corporate information and press releases from Griffin Mining (https://www.resource-capital.ch/en/companies/griffin-mining-ltd/) and Copper Mountain Mining (https://www.resource-capital.ch/en/companies/copper-mountain-mining-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/

Posted by on 7. March 2022. Filed under Internet, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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