The tin and copper markets are in deficit

The risk/reward ratio for copper looks very good, as copper is the industrial metal that is now in demand. New copper mines are needed to meet the enormous demand. Analysts see the development as positive for the copper price and more and more voices are being raised. Copper prices well above USD 10,000 per tonne are being forecast, mostly in the next three years. Estimates range from 12,000 to 15,000 US dollars per tonne. These are good prospects for copper companies and their shareholders. A new copper project takes an average of 16 years to become ready for production. It is electrification, digitalization and increasing urbanization that are driving the demand for copper. The largest copper-producing country is Chile, followed by Peru, Congo, China and the USA.

U.S. GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ -, for example, owns copper alongside gold in its Whistler project in Alaska. Drilling has demonstrated continuous mineralization.

The tin market has been in deficit for around ten years. Most tin goes into the production of solders. Compared to the copper market, the tin market is a very small market. The largest tin producers include China, Indonesia and Myanmar. As demand for tin is increasing (semiconductor industry), investments in tin are becoming more attractive. The rising demand for the metal is caused by the green energy revolution (soldering strips for connecting solar modules), the increasing use of electronics in many areas and increasing networking. The semiconductor market is therefore expected to double in the next five years.

Tin One Resources – https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ – has a high-quality portfolio of tin/tungsten and lithium projects in Tasmania and New South Wales, Australia. In Tasmania, Tin One Resources controls some of the most important tin districts.

Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -).

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