Analysts predict higher productivity worldwide. Supply bottlenecks and stronger demand are expected.
Although there are still risks, such as the still ailing real estate sector in China, many are forecasting an upturn in the second half of 2024, especially for copper as a raw material. Government support is helping in China. Industrial metals have also been rising in price since mid-February, for example nickel as well as copper. Mine production of copper is limited, which will affect the supply of refined copper. Stocks are also low. According to analysts at UBS, production activity, which is currently picking up, should not be underestimated. Robust consumer demand and industrial activity are expected. The expected reduction in global key interest rates will also provide an upturn in the manufacturing sector. Activity is already recovering in South Korea and Taiwan. This is particularly the case in the semiconductor sector, although this hardly affects base metals.
Manufacturing data in the USA and China have exceeded expectations. The eurozone, on the other hand, is still struggling and has yet to achieve a turnaround. However, industrial production figures have already improved somewhat. In any case, we should see higher prices for industrial metals in the second half of the year. Prices of around USD 10,000 per tonne are often forecast for copper by the end of the year. The price of copper should benefit in particular from the energy transition in China and increasing electrification. This is because more cables are needed. The global copper sector is expected to increase by an estimated 3.3% this year compared to 2023. It is therefore worth taking a look at companies with copper in their projects.
This includes Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ . The company owns gold and copper in its The Lost Cities Cutucu project in the Andes in Peru.
In the royalty sector, Osisko Gold Royalties - https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ - has more than 180 royalties and streams in gold and copper.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Osisko Gold Royalties (- https://www.resource-capital.ch/en/companies/osisko-gold-royalties-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/
Although there are still risks, such as the still ailing real estate sector in China, many are forecasting an upturn in the second half of 2024, especially for copper as a raw material. Government support is helping in China. Industrial metals have also been rising in price since mid-February, for example nickel as well as copper. Mine production of copper is limited, which will affect the supply of refined copper. Stocks are also low. According to analysts at UBS, production activity, which is currently picking up, should not be underestimated. Robust consumer demand and industrial activity are expected. The expected reduction in global key interest rates will also provide an upturn in the manufacturing sector. Activity is already recovering in South Korea and Taiwan. This is particularly the case in the semiconductor sector, although this hardly affects base metals.
Manufacturing data in the USA and China have exceeded expectations. The eurozone, on the other hand, is still struggling and has yet to achieve a turnaround. However, industrial production figures have already improved somewhat. In any case, we should see higher prices for industrial metals in the second half of the year. Prices of around USD 10,000 per tonne are often forecast for copper by the end of the year. The price of copper should benefit in particular from the energy transition in China and increasing electrification. This is because more cables are needed. The global copper sector is expected to increase by an estimated 3.3% this year compared to 2023. It is therefore worth taking a look at companies with copper in their projects.
This includes Aurania Resources - https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ . The company owns gold and copper in its The Lost Cities Cutucu project in the Andes in Peru.
In the royalty sector, Osisko Gold Royalties - https://www.commodity-tv.com/ondemand/companies/profil/osisko-gold-royalties-ltd/ - has more than 180 royalties and streams in gold and copper.
Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Osisko Gold Royalties (- https://www.resource-capital.ch/en/companies/osisko-gold-royalties-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/
