The intensification of the Russian invasion of Ukraine drove up not only gold and energy prices, but also the prices of other commodities.
Day 13 of the invasion is over, the war rages on and the situation becomes more serious, raw materials become more expensive. Palladium has already risen in price by about 22 percent because Russia is a supplier of palladium, and the same is true for oil and gas. Gold is also on the way up steeply in terms of price. Supply shortfalls from Russia must be expected. The LME industrial metals index is already 22 percent higher than it was at the beginning of the year. In the past year it could already register a plus of approximately 32 per cent. Winners in the raw materials sector are particularly nickel (an increase of around 130 percent since the beginning of 2022), aluminum (around 33 percent more expensive) or tin (around 20 percent more expensive). Zinc has also increased in price by around 16 percent. Supply concerns also exist for oil, gas and wheat. Copper and lead also became more expensive.
In recent months, the price of copper has fluctuated between US$9,500 and US$10,000 per ton. Now the price is heading towards 11,000 US dollars. At 10,850 US dollars, copper has reached a record high. Copper is a commodity that is in a supply deficit, according to the International Copper Study Group (ICSG). The ICSG sees the copper price well supported. Experts expect a very positive demand situation for the reddish metal in the medium to long term. Companies with gold and copper in their projects should therefore be in the interest of investors. Here, Aztec Minerals or Aurania Resources would come into consideration.
Aztec Minerals - https://www.youtube.com/watch?v=Ptj6T9s04Lg - is aggressively advancing its Cervantes porphyry gold-copper project in Mexico. An initial open pit resource estimate is expected to follow soon.
Aurania Resources - https://www.youtube.com/watch?v=0-qxeRcAJIg - is focused on The Lost Cities Cutucu gold-copper project in Ecuador. In addition, partnerships and joint ventures are in the portfolio.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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/
Day 13 of the invasion is over, the war rages on and the situation becomes more serious, raw materials become more expensive. Palladium has already risen in price by about 22 percent because Russia is a supplier of palladium, and the same is true for oil and gas. Gold is also on the way up steeply in terms of price. Supply shortfalls from Russia must be expected. The LME industrial metals index is already 22 percent higher than it was at the beginning of the year. In the past year it could already register a plus of approximately 32 per cent. Winners in the raw materials sector are particularly nickel (an increase of around 130 percent since the beginning of 2022), aluminum (around 33 percent more expensive) or tin (around 20 percent more expensive). Zinc has also increased in price by around 16 percent. Supply concerns also exist for oil, gas and wheat. Copper and lead also became more expensive.
In recent months, the price of copper has fluctuated between US$9,500 and US$10,000 per ton. Now the price is heading towards 11,000 US dollars. At 10,850 US dollars, copper has reached a record high. Copper is a commodity that is in a supply deficit, according to the International Copper Study Group (ICSG). The ICSG sees the copper price well supported. Experts expect a very positive demand situation for the reddish metal in the medium to long term. Companies with gold and copper in their projects should therefore be in the interest of investors. Here, Aztec Minerals or Aurania Resources would come into consideration.
Aztec Minerals - https://www.youtube.com/watch?v=Ptj6T9s04Lg - is aggressively advancing its Cervantes porphyry gold-copper project in Mexico. An initial open pit resource estimate is expected to follow soon.
Aurania Resources - https://www.youtube.com/watch?v=0-qxeRcAJIg - is focused on The Lost Cities Cutucu gold-copper project in Ecuador. In addition, partnerships and joint ventures are in the portfolio.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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/
