Metal prices, especially copper in focus

Commodities started 2023 very well, driven by optimism. The reason was the opening of China. The giant China, according to the predictions, should fuel the global demand for industrial products, thus also for industrial raw materials. The world is increasingly based on high technologies and therefore gobbles up large quantities of copper and other industrial metals. Added to this is the growing demand for battery metals and rare earths. But the most accessible and cost-effective deposits have been exploited. Mining sites with higher production costs are now in demand for the supply of raw materials. Governments want larger shares of value creation, economic development, and resource protectionism is on the rise. Protectionism is a trade policy in which the government intervenes to disadvantage foreign suppliers in the domestic market. Possible measures include import quotas, tariffs, longer periods for approving projects, or reforms of mining laws. Tendencies to protect one’s own market are increasingly evident.

In addition, environmental, social and governance standards are rising. Decarbonization ideas are also gaining weight in new projects. In view of the associated constraints, the current underinvestment in the metals sector could persist. This should increase upward pressure on prices in the second half of 2023. One metal driven by global demand growth is copper. This is supported by reopening, investments in electrification and in the transition to clean energy production.

For example, Torq Resources – https://www.commodity-tv.com/play/torq-resources-plans-to-drill-at-santa-cecilia-and-margarita-in-2023/ – owns copper and gold in its excellent projects (Santa Cecilia, Margarita, Andrea) in Chile.

The San Martin copper-silver project of Hannan Metals –  https://www.commodity-tv.com/play/mining-newsflash-with-karora-resources-hannan-metals-oceanagold-and-victoria-gold/ – is located in Peru. Other projects belong to the company, they contain gold, silver, copper and zinc.

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