In our modern age, gold and copper are not only on the screen of investors, but they are also used in industry.
In 2022, 3,611 tons of gold were produced by gold mines worldwide. About half of this goes to the jewelry sector, while the investment and central bank sectors claim their share. Some of the gold is used by industry in modern applications, these are automobiles, smartphones, in digital communications or in the medical sector. In space travel, gold is found in heat-shielding foils. Gold also develops its special properties as a component of various alloys. Investors love it anyway because of its stable value.
When you think of the energy turnaround, you think of renewable energies and electric vehicles, and you think of copper. The energy turnaround will be the main driver for the reddish metal. As a result, copper's importance as a cyclical metal is likely to fade more and more into the background. Wind and solar energy consume copper, as does the production of electric vehicles, which requires significantly more copper than the manufacture of conventional vehicles. Added to this is the copper demand of the charging points. The EU is planning to greatly expand the charging infrastructure. By 2026, there should be a charging station every 60 kilometers on the EU's central traffic routes. Optimism is therefore justified with regard to the price of copper and the progress of companies with copper in their projects.
Copper and gold are found, for example, in Aurania Resources' - https://www.commodity-tv.com/play/aurania-resources-first-hole-drilled-at-tatasham-geophysical-surveys-to-follow/ - The Lost Cities project in Ecuador. It scores with good drilling results and combines state-of-the-art exploration work and professional historical research.
Among gold companies, in the royalty sector, Osisko Gold Royalties - https://www.commodity-tv.com/play/osisko-gold-royalties-three-record-quarters-in-a-row-further-strong-growth-ahead/ - is an excellent candidate. This is because the company owns over 135 royalties and precious metal sales in North America. The company earns a five percent net royalty on the largest gold mine in Canada.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Osisko Gold Royalties (- https://www.resource-capital.ch/en/companies/osisko-gold-royalties-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.
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