The economic data in China, the USA and the Eurozone are not that bad, so the price of copper could go up sharply. For example, the US manufacturing index (PMI) reached 56.7 points in November, which is significantly more than a year ago (around 53). China is the only one of the major economies that can record growth in 2020. China is already by far the largest consumer of copper in the world.
Production and orders in China reached a ten-year high. Many experts are already talking about a new super cycle in copper prices. The trend towards wind and solar energy in particular will consume a lot of copper. If you look at the copper price, it rose by 290 percent between 2004 and 2006. In July 2020, China bought a record amount of 760,000 tons of copper. That is about four times as much as between 2004 and 2007.
The analysts at Goldman Sachs are also of the opinion that the beginning of a “structural bull market for copper” is underway. And other bank analysts also assume that copper could test its previous record high. No wonder that the Solactive Global Copper Miners Index has risen around 66 percent in the past six months. This means that copper is inevitably one of the most interesting raw materials and investment universes at the moment.
Inventories are also falling, so the rally in the reddish metal can continue. This is why societies with copper in the soil are increasingly coming into focus. There would be about Copper Mountain Mining – https://www.youtube.com/watch?v=aQGpu_Civk4 -, a company that is higher today than in the past two years. The company owns 75 percent of the successfully producing Copper Mountain Mine.
A company that mines in the Andes in Ecuador is Aurania Resources – https://www.youtube.com/watch?v=zbmUoxdC4HQ&t=2s -. The company’s flagship project, The Lost Cities Cutucu Project, contains gold and copper and is located in the metallogenic belt in the eastern foothills of southeast Ecuador in the Cordillera del Condor trend.
Current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/de/unternehmen/aurania-resources-ltd/ -) and Copper Mountain Mining (- https://www.resource-capital.ch/de/unternehmen/copper-mountain-mining-corp/ -).
In accordance with Section 34 of the WpHG, I would like to point out that partners, authors and employees can hold shares in the respective companies addressed and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of these messages applies.
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 assumed for damage caused by using this blog. I would like to point out that stocks and especially warrant investments are generally associated with risk. The total loss of the capital employed cannot be ruled out. All information and sources are carefully researched. However, no guarantee is given for the correctness of any content. Despite the greatest care, I expressly reserve the right to make errors, particularly with regard to figures and rates. The information contained here comes from sources that are believed to be reliable, but do not claim to be correct or complete. Due to court judgments, the content of linked external pages is jointly responsible (e.g. Hamburg Regional Court, in the judgment of May 12, 1998 – 312 O 85/98), as long as no express distancing is made. Despite careful control of the content, I assume no liability for the content of linked external sites. The respective operators are solely responsible for their content. The disclaimer of Swiss Resource Personal-Financial.com AG also applies: https://www.resource-capital.ch/de/disclaimer-agb/
PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section.
PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizable by third parties in the “News” area
This website has been discontinued and does not adopt it as its own. These contents are in particular through
a corresponding “from” mark below the article heading and / or through the link
“To read the full article, please click here.” responsible for
this content is solely the named third party.