Basic and energy transition raw materials always in demand

From the perspective of commodity demand, the second half of 2023 also seems to suffer from China’s weak economic momentum. A further slowdown was recorded in July, with the real estate situation primarily to blame. In contrast, there are signs of a recovery in consumption, albeit a gentle one. The support provided by the Chinese government is aimed particularly at consumption. Basic commodities and raw materials for the energy transition should continue to be well supported. In addition to lithium, zinc and rare earths, this also includes copper.

The largest copper reserves on earth are found in Chile, Australia, Peru, Russia and Mexico. Chile surpasses the other countries by far in terms of the quantity of reserves. Some of the mined copper is still available, as the recycling rate for the reddish metal is higher than for other metals. For years, there has been discussion about a possible copper peak, i.e. whether copper could become scarce. Predictions about this vary widely.

However, there are increasing indications that a shortage could be imminent, and with it higher prices. The red metal has many industrial uses and there are no viable alternatives. Once the Chinese economy recovers and the potential of the emerging markets unfolds, copper will become an extremely sought-after commodity. It’s a good thing that there are mining companies that have copper in their projects (in addition to gold), such as Torq Resources or GoldMining.

GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ – has a large block of shares in Gold Royalty and U.S. GoldMining in its portfolio, in addition to promising gold and gold-copper projects in North and South America.

Torq Resources – https://www.commodity-tv.com/ondemand/companies/profil/torq-resources-inc/ – is a copper and gold exploration company and has excellent holdings in Chile, such as the Santa Cecilia gold-copper project, which recently again pleased with very good drill results.

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

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