Commodity markets strong, including copper and tin

In 2023, concerns about the Chinese real estate crisis and a possible recession increased. There has been no major weakness in commodities this year. In 2024, demand for copper, for example, appears to be rather high and many experts expect upside potential, especially in the second half of 2024. This is because supply from copper mines is tight. A recovery in industrial demand, the switch to stockpiling and the imminent interest rate cut by the Fed should drive the price. Although demand growth in China is still weak, the government is making efforts to stimulate the economy.

In addition to gold, GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ – owns copper in promising properties in South and North America.

Tin is another metal for which there may be supply bottlenecks. And tin is important for wind and solar energy, for the advancing electrification. This is because tin is used for soldering and is contained in semiconductors. It is also used in the development of artificial intelligence. On the London Metal Exchange, tin has already risen sharply in April and is even ahead of copper, which is being watched with great interest by many. There were disruptions to tin supplies in the major producing countries of Indonesia, Myanmar and the Democratic Republic of the Congo.

Indonesia is the largest tin exporter in the world and the country has reduced its supplies. The reasons for this are license delays and rumours of corruption. Myanmar has been badly affected by the civil war and tin exports have slowed down. In Congo, unrest is disrupting exports. Tin stocks on the LME have already fallen by almost half this year.

Good times for companies like TinOne Resources – https://www.commodity-tv.com/ondemand/companies/profil/tinone-resources-inc/ -. The company owns tin/tungsten and lithium projects in Tasmania and New South Wales, Australia.

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

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