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Copper on the way up
When the economy is on the rise and the economic outlook is good, the price of the reddish metal generally increases. In the first half of 2021, the price of copper reached a record high. Last year, about 20 million tonnes of copper were produced worldwide, according to the US Geological Survey. The top producer was again Chile, with a mine output of 5.7 million tonnes of copper. Although the country was one of the countries most affected by the Corona pandemic, production in the large copper mines continued.
Peru (2.2 million tonnes) ranked second among the copper-producing countries. Production was declining there. Most of the copper is shipped to China. In the first half of 2020, production fell by more than 20 percent thanks to strict pandemic regulations. In Peru, Hannan Metals - https://www.youtube.com/watch?v=5h_WB1_wKBM - is into copper, silver and gold. The San Martin silver project there is particularly promising.
The third largest copper producer is China, which is also the largest copper consumer. It is followed by the Democratic Republic of the Congo and then the United States. The USA is one of the five largest copper exporters on the world market. China is an important importer. Australia comes in sixth place with 870 million tonnes of copper, followed by Russia, Zambia, Mexico and Kazakhstan.In Mexico, for example, Aztec Minerals - https://www.youtube.com/watch?v=N0FElXWa4Nk - is active on its prospective Cervantes gold-copper project in Sonoro. In addition, there is an option in the Tombstone district in Arizona.
Current corporate information and press releases from Hannan Metals (-https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -).
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