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Copper for the energy turnaround


Many countries are increasing their investments in renewable energies. After all, the future is supposed to be energy self-sufficient and climate neutral.

In this country, the output of wind energy is to double, solar power is to quadruple. Independence from Russian gas and oil is in demand. This should significantly increase the demand for copper. Wherever electricity flows, copper is involved, i.e. also in the trend areas of decarbonization, e-mobility and digitalization. Electricity and electronics consume most of the copper mined. Green technologies consume about three percent of global copper demand today, but by 2030, these technologies are expected to consume 16 to 20 percent of copper production. At the beginning of 2020, copper cost $4,700 per ton, then peaked at just over $10,400 per ton. Currently, a ton of copper costs just over US$7,600. In terms of price, the metal has just not followed the downward trend on the commodity markets. On the one hand, supply is tightening because a copper mine in Chile was closed due to a landslide. And on the other hand, Chinese inventories have not particularly filled up, which indicates strong demand.

What could still slow down demand for the reddish metal in China is the zero-covid strategy, which is still in place. The Chinese real estate market is also weakening. Here, it will be significant to what extent China takes support measures, they have already been announced. In any case, the trend areas mentioned above as well as the lower supply from Chile should support the copper price.

Good prospects for Torq Resources – https://www.youtube.com/watch?v=wBhwyFLRSV8 -, a company that has gold and copper in the projects (Chile).

The same applies to GoldMining – https://www.youtube.com/watch?v=wBhwyFLRSV8 – (promising projects in North and South America).

Current corporate information and press releases from Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -) and GoldMining (- https://www.resource-capital.ch/en/companies/goldmining-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/

Posted by on 17. October 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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