Commodity markets like never before

Goldman Sachs commodities veteran Jeff Curie just summed it up, commodity markets have been performing like never before.

When Jeff Curie speaks out, everyone listens. He says he has never seen the commodity markets price in the shortages as they are currently. Curie points out that he has been in the business for 30 years and has never seen markets like this. Whether it’s oil, gas coal, aluminum or copper. Futures curves are traded in super backwardation, this indicates that traders are paying premiums for immediate bids. Backwardation refers to the price situation in commodity futures. In this case, the futures price at maturity is lower than the current spot price. The futures curve is therefore tilted downward. There is therefore a severe undersupply of commodities as never before. And there is acute increased demand, with buyers needing the commodity immediately.

This situation therefore also applies to the economic metal copper. With hopes that the global economy will soon recover, demand for the reddish metal is rising. Industries in demand need this raw material. And these are growing industries such as electromobility or the semiconductor industry. Copper has already been called the new oil. For example, by the founder of the investment firm Livermore Partners, David Neuhauser. He could well imagine a copper price of up to 20,000 US dollars per ton of copper in the next ten to twenty years. Investors should therefore not neglect companies with copper in their projects, for example Kutcho Copper or Aztec Minerals.

Kutcho Copperhttps://www.youtube.com/watch?v=M-1LW2OIpqQ – is advancing the Kutcho copper-zinc project in British Columbia, which already has a very positive feasibility study.

Aztec Mineralshttps://www.youtube.com/watch?v=mKhndWB3VVc – has prospective interests in the Cervantes porphyry gold-copper project in Mexico and the historic Tombstone Silver District in Arizona.

Latest corporate information and press releases from Kutcho Copper (- https://www.resource-capital.ch/en/companies/kutcho-copper-corp/ -).

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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