All areas of the energy transition are experiencing growing demand for the reddish metal. This year, for example, China’s demand increased by around 130% in the first seven months compared to the same period last year. Demand from the electric vehicle sector alone rose by around 23 percent. Copper could soon become more expensive, as Chinese copper consumers can still fall back on metal stocks that have built up during the pandemic. However, these stocks are now likely to run out.
There is also a growing number of people who believe that the weakness of some commodities is exaggerated in view of China’s economy. In any case, the conflict in the Middle East does not seem to be having much of an impact on the economic metal copper at the moment, as the outlook is seen as more positive, especially for Chinese demand. The International Copper Study Group now also expects a supply deficit for the current year.
Good prospects for companies with copper in the ground. Aurania Resources – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ -, for example, has copper and gold in its The Lost Cities project in Ecuador. The special thing about this project is the combination of modern exploration techniques and historical exploration.
Sibanye-Stillwater – https://www.commodity-tv.com/ondemand/companies/profil/sibanye-stillwater-ltd/ – is also focusing on the raw materials required for the new technologies. In addition to gold, platinum and palladium, the company is increasingly focusing on battery metals. It is active in South Africa as well as North and South America. Sibanye-Stillwater’s investment in a leading European lithium project is relatively new. The recent weakness in the share price could be a very good opportunity to enter Sibanye-Stillwater at a favorable price.
Current company information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-ltd/ -) and Sibanye-Stillwater (- https://www.resource-capital.ch/en/companies/sibanye-stillwater-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.
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