Before renewable energy spurred demand for copper, China was the main driver, with infrastructure projects and construction fueling the need for copper. Copper, interestingly, is found not only in the earth’s crust but also in plants, animals, and humans, where it is an essential component for health. More than half of the world’s refined copper production is attributed to China and the Democratic Republic of the Congo. Global copper mine production increased by about two percent in the first eight months of 2024. During the same period, global copper demand rose by approximately 2.5 percent. A significant surge in copper demand has been particularly noticeable in Asia. While Asia’s share of global copper demand was around ten percent in 1960, it now exceeds 75 percent. With copper set to become increasingly important in the coming years and decades, companies that own copper resources are likely to see significant benefits. Examples include Mogotes Metals and Meridian Mining.
Mogotes Metals – https://www.commodity-tv.com/ondemand/companies/profil/mogotes-metals-inc/ – operates in Chile and Argentina, with the Filo Sur copper project in Argentina’s Vicuña District standing out as particularly exceptional.
Meridian Mining – https://www.commodity-tv.com/play/mining-news-flash-with-uranium-royalty-cosa-resources-and-meridian-mining/ – holds mines in Brazil containing gold, silver, copper, and zinc. The Cabaçal deposit in Argentina is noteworthy for its highly favorable preliminary economic assessment.
For the latest company information and press releases from Mogotes Metals (– https://www.resource-capital.ch/de/unternehmen/mogotes-metals-inc/ –) and Meridian Mining (– https://www.resource-capital.ch/de/unternehmen/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.
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