Copper is one of the most versatile and sought-after metals.
The price of copper has risen significantly in recent months. It reached a three-month high in October. Many people are now wondering what the future holds. The upward price trend is based on various factors. One is the development of the US dollar. This is because when the US currency falls, the price of copper generally rises. The metal can be purchased more cheaply, for example from China. The economy in China also appears to be recovering, which boosts the copper price. After all, China is the most important player on the copper market. The Fed's expected interest rate cut next year will result in a weaker US dollar - good for copper.
In any case, the reddish metal is also one of the metals for which demand is expected to rise in the future. One factor that will tighten supply is the closure of a large copper mine in Panama. After fighting the project for many years, a court has now ruled that the mine must be closed. It was previously responsible for around 1.5% of global copper production, which may not sound like much, but it is still significant. Many analysts expect demand for copper to outstrip supply in 2024. New technological developments and electric vehicles will certainly consume more and more copper. What matters now is how the supply will develop. One thing is clear: when the economy is booming, demand for the reddish metal increases.
Conflicts and sanctions in producing countries can reduce the supply of copper. As copper plays an important role in modern technologies, investors should have an exposure to the copper sector. Torq Resources or Aurania Resources, which have copper as well as gold in their projects, would be suitable here.
This is the case for Torq Resources - https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ - with its holdings in Chile in the Cecilia, Margarita and Andrea projects.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - also has these two important raw materials at its The Lost Cities project in the Andes in Ecuador.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-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 price of copper has risen significantly in recent months. It reached a three-month high in October. Many people are now wondering what the future holds. The upward price trend is based on various factors. One is the development of the US dollar. This is because when the US currency falls, the price of copper generally rises. The metal can be purchased more cheaply, for example from China. The economy in China also appears to be recovering, which boosts the copper price. After all, China is the most important player on the copper market. The Fed's expected interest rate cut next year will result in a weaker US dollar - good for copper.
In any case, the reddish metal is also one of the metals for which demand is expected to rise in the future. One factor that will tighten supply is the closure of a large copper mine in Panama. After fighting the project for many years, a court has now ruled that the mine must be closed. It was previously responsible for around 1.5% of global copper production, which may not sound like much, but it is still significant. Many analysts expect demand for copper to outstrip supply in 2024. New technological developments and electric vehicles will certainly consume more and more copper. What matters now is how the supply will develop. One thing is clear: when the economy is booming, demand for the reddish metal increases.
Conflicts and sanctions in producing countries can reduce the supply of copper. As copper plays an important role in modern technologies, investors should have an exposure to the copper sector. Torq Resources or Aurania Resources, which have copper as well as gold in their projects, would be suitable here.
This is the case for Torq Resources - https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ - with its holdings in Chile in the Cecilia, Margarita and Andrea projects.
Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ - also has these two important raw materials at its The Lost Cities project in the Andes in Ecuador.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-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/
