According to research by the World Economic Forum, climate change may increase prices for copper, nickel and lithium.
The question today is no longer whether a switch to renewable energies is necessary, but how quickly this can happen. Copper is particularly in demand here. The best conductors for heat and electricity are copper and silver. The demand for copper is increasing worldwide. Firstly, because of the expansion of power grids and because copper is needed for renewable energies and also for electric cars. At the same time, the contents of copper mines have been falling for years. So more has to be mined, which causes more costs. In Chile, the main producing country, copper output was disappointing in March. A decline of five percent compared to the previous year was recorded. Not only a lower ore content, but also water scarcity can become a problem in mining activities.
The International Copper Study Group has changed its forecast for the current year from a supply surplus to a supply deficit. In 2024, the supply situation is expected to improve as new capacities are expected in production. Speaking of climate change, heat waves can also have a negative impact on copper production. Last year, China was plagued by a record-breaking heat wave. This year, above-average temperatures were also recorded again in March and April. Often, electricity is supplied by hydroelectric power. And energy costs are an important factor in terms of production costs. Those who want to bet on a rising copper price can do so with companies that own copper in their projects, such as Aurania Resources or Hannan Metals.
Aurania Resources' - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - The Lost Cities project is located in Ecuador, more specifically in the Jurassic Metallogenic Belt in the Andes Mountains. It contains copper and gold. The results of the 2023 exploration program are eagerly awaited.
Hannan Metals' - https://www.commodity-tv.com/ondemand/companies/profil/hannan-metals-ltd/ - San Martin project contains copper and silver. In addition, there are other projects with gold, silver, copper and zinc.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -).
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/
The question today is no longer whether a switch to renewable energies is necessary, but how quickly this can happen. Copper is particularly in demand here. The best conductors for heat and electricity are copper and silver. The demand for copper is increasing worldwide. Firstly, because of the expansion of power grids and because copper is needed for renewable energies and also for electric cars. At the same time, the contents of copper mines have been falling for years. So more has to be mined, which causes more costs. In Chile, the main producing country, copper output was disappointing in March. A decline of five percent compared to the previous year was recorded. Not only a lower ore content, but also water scarcity can become a problem in mining activities.
The International Copper Study Group has changed its forecast for the current year from a supply surplus to a supply deficit. In 2024, the supply situation is expected to improve as new capacities are expected in production. Speaking of climate change, heat waves can also have a negative impact on copper production. Last year, China was plagued by a record-breaking heat wave. This year, above-average temperatures were also recorded again in March and April. Often, electricity is supplied by hydroelectric power. And energy costs are an important factor in terms of production costs. Those who want to bet on a rising copper price can do so with companies that own copper in their projects, such as Aurania Resources or Hannan Metals.
Aurania Resources' - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - The Lost Cities project is located in Ecuador, more specifically in the Jurassic Metallogenic Belt in the Andes Mountains. It contains copper and gold. The results of the 2023 exploration program are eagerly awaited.
Hannan Metals' - https://www.commodity-tv.com/ondemand/companies/profil/hannan-metals-ltd/ - San Martin project contains copper and silver. In addition, there are other projects with gold, silver, copper and zinc.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -).
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/
