In the case of copper, demand will probably exceed supply. Gold is always a good choice.
The energy transition continues to gather pace. It really took off in 2020, when major economic stimulus packages were launched. There is currently estimated to be a gap of 40 million tons of copper between supply and demand in order to achieve the ambitious net-zero targets by 2050. Electric vehicles and the power grid in particular consume copper. Initially, a copper surplus was expected for the current year. However, a deficit now seems more likely.
The reasons for this include production cuts at Anglo American and the closure of the Cobre Panama mine. This is a ten billion US dollar copper mine that is now lying idle in the jungle. And it was the country's most important project since the Panama Canal and would have contributed to the global copper supply. The good fundamentals have boosted the copper price this year. Large Chinese and Zambian copper smelters have already cut back their production because they are suffering from a shortage of raw materials or electricity problems. And with copper stocks at an all-time low, companies with copper in their projects should now be in the right place.
It is well known that gold investments are very popular with investors and that gold investments belong in every well-diversified portfolio. In 2023, the price of gold ended the year well above USD 2,000 per troy ounce. Many gold mining stocks have not yet followed suit. The gold price has been supported above all by central bank purchases. Many analysts believe that the undervaluation of gold shares compared to gold has never been as high as it is now. So, it's time to take a closer look at companies that own gold and copper.
GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - has gold and gold-copper properties in North and South America as well as equity investments and one of the largest gold resources in the world.
Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - owns the Cabaçal project in Brazil, which contains a prospective copper-gold-silver VMS deposit.
Current company information and press releases from Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -) 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/
The energy transition continues to gather pace. It really took off in 2020, when major economic stimulus packages were launched. There is currently estimated to be a gap of 40 million tons of copper between supply and demand in order to achieve the ambitious net-zero targets by 2050. Electric vehicles and the power grid in particular consume copper. Initially, a copper surplus was expected for the current year. However, a deficit now seems more likely.
The reasons for this include production cuts at Anglo American and the closure of the Cobre Panama mine. This is a ten billion US dollar copper mine that is now lying idle in the jungle. And it was the country's most important project since the Panama Canal and would have contributed to the global copper supply. The good fundamentals have boosted the copper price this year. Large Chinese and Zambian copper smelters have already cut back their production because they are suffering from a shortage of raw materials or electricity problems. And with copper stocks at an all-time low, companies with copper in their projects should now be in the right place.
It is well known that gold investments are very popular with investors and that gold investments belong in every well-diversified portfolio. In 2023, the price of gold ended the year well above USD 2,000 per troy ounce. Many gold mining stocks have not yet followed suit. The gold price has been supported above all by central bank purchases. Many analysts believe that the undervaluation of gold shares compared to gold has never been as high as it is now. So, it's time to take a closer look at companies that own gold and copper.
GoldMining - https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ - has gold and gold-copper properties in North and South America as well as equity investments and one of the largest gold resources in the world.
Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - owns the Cabaçal project in Brazil, which contains a prospective copper-gold-silver VMS deposit.
Current company information and press releases from Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -) 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/
