The year 2023 brought hardly any price changes for various industrial metals such as copper and tin.
Many industrial metals fell in price over the course of the year. At the end of the year, there was a race to catch up. The hope that the Chinese economy would experience an upturn was probably the reason for this. A speech by Chinese President Xi on New Year's Day ensured this. As China plays a key role as a major consumer of industrial metals, many expect prices for industrial metals to rise in the new year. The copper market is currently undersupplied. Analysts expect the copper deficit to worsen in 2024 and 2025. According to the International Copper Study Group, there was a shortage of around 53,000 tons of copper on the copper market in October 2023. In 2023 as a whole, the copper deficit will amount to around 80,000 tons of copper.
The growth in copper mine supply also appears to be declining. Global stocks are likely to continue to dwindle. And in general, investments in the mining sector are currently progressing rather slowly. After all, it takes years to develop a mine. The energy transition and a weakening US dollar are seen as drivers of the copper price. At the COP28 climate conference, many countries spoke out in favor of tripling renewable energy capacities. Citibank, for example, is forecasting possible copper prices of up to USD 15,000 per tonne by 2025. In order to position yourself in time, an investment in companies such as Aurania Resources or Gama Explorations could help.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - owns The Lost Cities project in the Andes in Ecuador. This contains gold and copper.
Gama Explorations - https://www.commodity-tv.com/ondemand/companies/profil/gama-explorations-inc/ - has projects in Quebec and the Northwest Territories. They contain lithium as well as nickel and copper.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-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/
Many industrial metals fell in price over the course of the year. At the end of the year, there was a race to catch up. The hope that the Chinese economy would experience an upturn was probably the reason for this. A speech by Chinese President Xi on New Year's Day ensured this. As China plays a key role as a major consumer of industrial metals, many expect prices for industrial metals to rise in the new year. The copper market is currently undersupplied. Analysts expect the copper deficit to worsen in 2024 and 2025. According to the International Copper Study Group, there was a shortage of around 53,000 tons of copper on the copper market in October 2023. In 2023 as a whole, the copper deficit will amount to around 80,000 tons of copper.
The growth in copper mine supply also appears to be declining. Global stocks are likely to continue to dwindle. And in general, investments in the mining sector are currently progressing rather slowly. After all, it takes years to develop a mine. The energy transition and a weakening US dollar are seen as drivers of the copper price. At the COP28 climate conference, many countries spoke out in favor of tripling renewable energy capacities. Citibank, for example, is forecasting possible copper prices of up to USD 15,000 per tonne by 2025. In order to position yourself in time, an investment in companies such as Aurania Resources or Gama Explorations could help.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - owns The Lost Cities project in the Andes in Ecuador. This contains gold and copper.
Gama Explorations - https://www.commodity-tv.com/ondemand/companies/profil/gama-explorations-inc/ - has projects in Quebec and the Northwest Territories. They contain lithium as well as nickel and copper.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Gama Explorations (- https://www.resource-capital.ch/en/companies/gama-explorations-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/
