The energy transition is accelerating rapidly, and the automotive industry and renewable energy plants increasingly need copper.
According to forecasts, the demand for copper for the automotive industry will increase by 1.9 million tons by 2030. Renewable energy plants and the associated grid infrastructure will consume an estimated additional 2.6 million tons of copper by then. On the supply side, an annual growth rate of 2.5 percent is assumed. At the same time, refinery production is expected to increase by 2.6% and demand by 2.7%. The result for this year would be a market deficit for concentrates and also for refined metal. The macroeconomic outlook outside China is positive. In China, the real estate market is still suffering, which will lead to slower growth in demand from China. However, strong infrastructure and automotive investments are having a supportive effect, particularly in the solar industry.
A market equilibrium is therefore assumed for 2025, with a copper deficit expected from 2027. This supply gap is expected to grow to 1.3 million tons of copper by 2030. This should lift the copper price back above USD 10,000 per tonne. A top producer country is Chile. Copper production has declined there. In 2023, 23% of the global copper supply came from Chile. The USA and the UK have tightened their sanctions against the Russian metal sector. As a result, new copper produced in Russia is no longer traded on the LME (London Metal Exchange) and the CME (Chicago Mercantile Exchange). Copper as a metal of the future and companies with copper in their projects should also be on the radar of the investment community.
There is Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ . The company owns the promising The Lost Cities Cutucu project in Ecuador. It contains gold and copper.
These two raw materials are also contained in U.S. GoldMining's - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ - Whistler project in Alaska.
Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -) and Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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/
According to forecasts, the demand for copper for the automotive industry will increase by 1.9 million tons by 2030. Renewable energy plants and the associated grid infrastructure will consume an estimated additional 2.6 million tons of copper by then. On the supply side, an annual growth rate of 2.5 percent is assumed. At the same time, refinery production is expected to increase by 2.6% and demand by 2.7%. The result for this year would be a market deficit for concentrates and also for refined metal. The macroeconomic outlook outside China is positive. In China, the real estate market is still suffering, which will lead to slower growth in demand from China. However, strong infrastructure and automotive investments are having a supportive effect, particularly in the solar industry.
A market equilibrium is therefore assumed for 2025, with a copper deficit expected from 2027. This supply gap is expected to grow to 1.3 million tons of copper by 2030. This should lift the copper price back above USD 10,000 per tonne. A top producer country is Chile. Copper production has declined there. In 2023, 23% of the global copper supply came from Chile. The USA and the UK have tightened their sanctions against the Russian metal sector. As a result, new copper produced in Russia is no longer traded on the LME (London Metal Exchange) and the CME (Chicago Mercantile Exchange). Copper as a metal of the future and companies with copper in their projects should also be on the radar of the investment community.
There is Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ . The company owns the promising The Lost Cities Cutucu project in Ecuador. It contains gold and copper.
These two raw materials are also contained in U.S. GoldMining's - https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ - Whistler project in Alaska.
Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -) and Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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/
