All eyes are on copper

The financial market observers at the investment bank Goldman Sachs, for example, believe in rising commodity prices, with copper in particular appearing promising.

Copper has been extracted since about 5,000 BC. The word copper (cuprum) is derived from aes cyprium, the ore from the island of Cyprus, because it probably comes from Cyprus, at least from the eastern Mediterranean.

Infrastructure projects consume immense amounts of copper. In the US, a one trillion US dollar infrastructure spending bill was just approved by the Senate. 550 billion US dollars are for typical infrastructure projects such as roads or bridges. Highways, airports, ports and rail transport are also included. In addition, a considerable portion of the money is to be used to renew the aging power grid. This is because the focus in the USA is also on renewable energies. Wind, solar and hydro power are to be expanded.

Copper lines are necessary for this. In addition, there are plans for the electrification of public transport and for charging stations for electric vehicles, all projects that need copper. According to Goldman Sachs, the price for the semi-precious metal copper could reach 11,500 US dollars per tonne in a year’s time. Currently, a ton of copper costs just over US$9,000, compared to US$6,700 about a year ago. Many seem not to have discovered the important industrial metal copper as an investment yet, but this could change and then reap returns. Companies with copper in their projects should therefore take notice.

Copper Mountain Mining – is a case in point. The company owns 75 percent of the producing Copper Mountain Mine in British Columbia. The mine reported record-breaking production of 25.5 million pounds of copper, as well as gold and silver, in the second quarter of 2021

Hannan Metals – is exploring the San Martin copper-silver project as part of the JOGMEC joint venture in Peru. High grade copper mineralization and continuity is present.

Current corporate information and press releases from Copper Mountain Mining (…) and Hannan Metals (…).

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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