Almost 7,700 US dollars per ton of copper is a proud price and should please the copper companies. The reason is likely to be in the strong Chinese industry again after Corona, which is back on a growth path. The copper price is closely linked to economic activity. The demand for copper for electrical applications has particularly increased, according to a report from Roskill. Many wire and cable connections use copper. And so, according to Roskill, total demand rose from 60 percent in 2000 to 79 percent in 2018.
Copper is also used in copper pipes, cars, computers, entertainment electronics and smartphones. Copper companies such as Copper Mountain Mining, which produce the metal in demand, should therefore always have enough customers in the future. Copper Mountain Mining – https://www.youtube.com/watch?v=J5okUdwEnNI&t=1s – Owns 75 percent of the Copper Mountain Mine in British Columbia. An expansion of the mine has just been announced, which means higher production, lower costs and thus more profit for the company.
Just as the LME industrial metals index rose by around ten percent in November, another important metal that is on the way up in terms of price, namely zinc, also rose. The price increase over the past 18 months is primarily due to mine disruption. There is also strong demand from China for zinc. In August the production of galvanized steel reached a record level, namely 16 percent more than in the same month last year.
Zinc is the raw material Osisko Metals – https://www.youtube.com/watch?v=J5okUdwEnNI&t=1s – owns in his projects in Canada. The Pine Point Mining Camp and Bathurst Mining Camp zinc projects are also large projects.
Current company information and press releases from Copper Mountain Mining (- https://www.resource-capital.ch/de/unternehmen/copper-mountain-mining-corp/ -) and Osisko Metals (- https://www.resource-capital.ch/de/unternehmen/osisko-metals-inc/ -).
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