Industrial metals on the rise

Although the global economy is shrinking, the time is good for industrial metals such as zinc, copper, lead and nickel.

If the prices for industrial metals were lower in March than they have been in a long time, a turning point has now taken place. The price of copper has risen sharply, as has the price of zinc. This costs as much as last in June 2019. The cause is certainly the economic news from China. Because there is an upward trend in industrial production.

China’s copper imports are reaching record levels again, while stocks are shrinking. A good environment for companies that produce copper such as Copper Mountain Mining – -. Despite the pandemic, the company finished the final quarter with strong results (23.9 million pounds of copper equivalent in Q2 2020). The Copper Mountain Mine in British Columbia, in which Copper Mountain Mining has a 75 percent stake, is responsible for this.

After copper, aluminum and iron, zinc is the metal that is processed most frequently, primarily as a corrosion protection for iron, as well as in dry batteries or in construction. A new line of business that could increase zinc consumption is its use as fertilizer. In the auto industry, zinc consumption is increasing as the demand for rust protection increases. About half of the world’s zinc is consumed by China. The major zinc-producing countries include China, Canada, Peru, Australia and the USA.

The two main zinc mining camps in Canada are under the rule of Osisko Metals – -. Pine Point Mining Camp is located in the Northwest Territories and will be able to deliver high grade zinc and lead concentrates. It will be the ninth largest property in the world. Osisko Metals’ second project is the Bathurst Mining Camp in northern New Brunswick.

Current company information and press releases from Copper Mountain Mining (- -) and Osisko Metals (-https: // -).

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