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Energy transition ensures rising copper demand


Dr. Copper, i.e. copper, is supported by a supply deficit and rising demand.

Dr. Copper is regarded as an early indicator. The price of copper fell sharply when the pandemic broke out. And the price went up again just as quickly when the economy recovered. The energy turnaround will ensure that demand for copper is fulminant. Here in Germany, too, there was agreement at a recent climate summit that a rapid increase in fully electric vehicles was essential. A lot still needs to be done to achieve this. As a survey showed, consumers fear above all that the range is too short and that there are too few charging stations for electric cars. Electric cars consume about three times as much copper in production as conventional vehicles. The red metal is also needed for charging stations. In addition, there is the copper demand for solar and wind power plants.

At the same time, Goldman Sachs, for example, is warning of an unprecedented copper deficit. The US bank is currently forecasting a deficit of 178,000 tons of copper for 2023. As a result, the bank experts see the price of copper rising to as much as $11,000 per ton this year. Almost all industry experts, such as Canaccord and S & P Global, seem to agree on the increase in copper demand. One argument is that at large mines, low grades or an end to recovery will reduce copper supply. Mostly, an annual growth rate for copper of at least three percent is predicted. No wonder that copper is highly valued by investors after gold and silver. Mining companies with copper in the ground are likely to benefit from the development on the copper market. Companies that own the valuable metal of the future include Aurania Resources and Torq Resources, for example.

Aurania Resources – https://www.youtube.com/watch?v=sxywh9j1Cjw – focuses on precious metals and copper in South America. The Lost Cities project in the Andes Mountains is particularly significant.

In Chile, Torq Resources – https://www.youtube.com/watch?v=daI7lRCo8Pk – is working on gold and copper properties. Three projects are part of the portfolio.

Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and 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/

Posted by on 12. January 2023. 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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