E-mobility and the energy transition consume large quantities of copper. Mining companies with copper are happy.
Chile produces the most copper, followed by Peru. Last year, around five million tons of copper came from Chile's mines. With a total global production of around 22 million tons of copper, Chile produces around a quarter of the global volume. An estimated 190 million tons of copper reserves are said to lie dormant in Chile. Peru has significantly less. Copper is used for construction, electrical installations, communication systems, cabling and corrosion protection technology. The expansion of power grids, transportation, the solar and wind energy sector and electromobility in particular devour the reddish metal. Energy storage in the form of batteries is becoming increasingly common, not only in electric vehicles and in the production of renewable energies, but also in many portable devices. According to estimates, around 30 million tons of copper will be needed in 2035, compared to just 25 million tons in 2022.
New mines would be needed, but it takes many years from a new copper discovery to production. The approval procedures have not become any easier either, quite the opposite. Experts are already predicting a copper deficit in 2030, for example Bloomberg NEF. And industry giants are already attempting or carrying out expensive takeovers. Strikes, such as the current one at the world's largest copper mine in Chile, are also often causing supply shortages. Due to the rise in copper prices, the workers there want a share of the profits. Companies that also have copper in their projects, such as Meridian Mining or Collective Mining, should therefore be in a good position.
Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - owns the Cabaçal (copper, gold, silver) and Santa Helena (copper, gold, silver and zinc) mines in Brazil. The drilling program is running successfully.
Collective Mining - https://www.commodity-tv.com/ondemand/companies/profil/collective-mining/ - is working on projects in Colombia. The raw materials are copper, silver, gold and tungsten. Guayabales is the flagship project.
Current company information and press releases from Collective Mining (- https://www.resource-capital.ch/en/companies/collective-mining-ltd/ -) and Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -)
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 produces the most copper, followed by Peru. Last year, around five million tons of copper came from Chile's mines. With a total global production of around 22 million tons of copper, Chile produces around a quarter of the global volume. An estimated 190 million tons of copper reserves are said to lie dormant in Chile. Peru has significantly less. Copper is used for construction, electrical installations, communication systems, cabling and corrosion protection technology. The expansion of power grids, transportation, the solar and wind energy sector and electromobility in particular devour the reddish metal. Energy storage in the form of batteries is becoming increasingly common, not only in electric vehicles and in the production of renewable energies, but also in many portable devices. According to estimates, around 30 million tons of copper will be needed in 2035, compared to just 25 million tons in 2022.
New mines would be needed, but it takes many years from a new copper discovery to production. The approval procedures have not become any easier either, quite the opposite. Experts are already predicting a copper deficit in 2030, for example Bloomberg NEF. And industry giants are already attempting or carrying out expensive takeovers. Strikes, such as the current one at the world's largest copper mine in Chile, are also often causing supply shortages. Due to the rise in copper prices, the workers there want a share of the profits. Companies that also have copper in their projects, such as Meridian Mining or Collective Mining, should therefore be in a good position.
Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - owns the Cabaçal (copper, gold, silver) and Santa Helena (copper, gold, silver and zinc) mines in Brazil. The drilling program is running successfully.
Collective Mining - https://www.commodity-tv.com/ondemand/companies/profil/collective-mining/ - is working on projects in Colombia. The raw materials are copper, silver, gold and tungsten. Guayabales is the flagship project.
Current company information and press releases from Collective Mining (- https://www.resource-capital.ch/en/companies/collective-mining-ltd/ -) and Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -)
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/
