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Chile, one of the largest copper producing countries in the world, is working on a law to tax copper production.
Copper is perhaps the most important raw material for renewable energies. Much of the copper comes from Chile, which is also home to the world's largest copper mine. Now, the Chilean Ministry of Finance has introduced a new law to tax copper production. This would impose levies of eight to 26 percent on larger producers, depending on their operating margins. For copper producers in Chile, this is not at all a welcome development, as their competitiveness would presumably be impaired. Industry experts fear that this will reduce investment in the copper sector. Production volumes would then probably decline.
Then there is the discussion about bans on Russian metals. The London Futures Exchange (LME) is considering a ban on Russian industrial metals, and copper would also be affected. This would reduce supply and drive-up prices. Looking at the important consumer country China - industries for semiconductors and electric vehicles need a lot of copper - copper imports seem to have developed robustly. Last year, China consumed about eleven million tons of copper. The upward trend in China's copper demand seems to be intact again, after going up and down through lockdowns. In any case, copper is one of the metals of the future and should not suffer from a lack of demand in the coming years. Copper companies like Copper Mountain Mining or Hannan Metals should therefore focus on the right metal.
Copper Mountain Mining - https://www.youtube.com/watch?v=PFbOw_s00ao - is a copper producer, owns 75 percent of the Copper Mountain Mine in British Columbia.
Hannan Metals - https://www.youtube.com/watch?v=ii3dbQtB6VU - has large and prospective silver and copper-gold properties in Peru.
Current corporate information and press releases from Copper Mountain Mining (- https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/ -) and Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -).
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/
Chile, one of the largest copper producing countries in the world, is working on a law to tax copper production.
Copper is perhaps the most important raw material for renewable energies. Much of the copper comes from Chile, which is also home to the world's largest copper mine. Now, the Chilean Ministry of Finance has introduced a new law to tax copper production. This would impose levies of eight to 26 percent on larger producers, depending on their operating margins. For copper producers in Chile, this is not at all a welcome development, as their competitiveness would presumably be impaired. Industry experts fear that this will reduce investment in the copper sector. Production volumes would then probably decline.
Then there is the discussion about bans on Russian metals. The London Futures Exchange (LME) is considering a ban on Russian industrial metals, and copper would also be affected. This would reduce supply and drive-up prices. Looking at the important consumer country China - industries for semiconductors and electric vehicles need a lot of copper - copper imports seem to have developed robustly. Last year, China consumed about eleven million tons of copper. The upward trend in China's copper demand seems to be intact again, after going up and down through lockdowns. In any case, copper is one of the metals of the future and should not suffer from a lack of demand in the coming years. Copper companies like Copper Mountain Mining or Hannan Metals should therefore focus on the right metal.
Copper Mountain Mining - https://www.youtube.com/watch?v=PFbOw_s00ao - is a copper producer, owns 75 percent of the Copper Mountain Mine in British Columbia.
Hannan Metals - https://www.youtube.com/watch?v=ii3dbQtB6VU - has large and prospective silver and copper-gold properties in Peru.
Current corporate information and press releases from Copper Mountain Mining (- https://www.resource-capital.ch/en/companies/copper-mountain-mining-corp/ -) and Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -).
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/
