How’s Dr. Copper?

Copper prices reached record highs in October. The copper price is currently around 9,500 US dollars per ton. The record high was a good 10,725 US dollars per ton in May. The fact that copper is in high demand is mainly due to the need for clean energy technologies. Whether electric cars or wind turbines, copper is essential. According to forecasts, by 2030, 20 percent of global copper consumption could go to these renewable energies and electromobility. So, the energy transition is gobbling up more and more copper. What could have a negative impact on the copper price is an expected increase in copper supply from the mines.

Those who think positively that the pandemic will soon be overcome, including the new variant, and that the global economy will recover, could bet on companies with copper in their projects, for example Hannan Metals – https://www.youtube.com/watch?v=t6PFpRjvfTo – . In Peru, the company is successfully advancing the prospective San Martin copper-gold-silver project.

Torq Resources – https://www.youtube.com/watch?v=zIF_oyxVLXI – also has copper and gold in the ground, in Chile, with three projects in focus.

Current corporate information and press releases from Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -) and Torq Resources (- https://www.resource-capital.ch/en/companies/torq-resources-inc/ -).

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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