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When the economy is running smoothly, the demand for copper is strong. It is a technology and functional metal. It is similar to gold and silver, because only they belong to the colored metallic elements. Silver and copper have excellent conductivity in terms of electricity and heat. Particularly lucrative copper deposits are often found in areas where there was strong volcanic activity millions of years ago.

The copper price has been fluctuating around US$ 9,000 per tonne for months. Quarrels occur from time to time in Peru, the second largest copper producing country. Local residents set up blockades around the La Bambas mine. The mine is responsible for two percent of global copper production. Then the government was able to come to an agreement with the residents. The crisis surrounding the Chinese real estate group Evergrande, which is in danger of even going bankrupt, could weigh on the copper price, but there are also positive signs. For example, a leading European copper processor has announced it will increase its copper premium for 2022. This bodes well for strong copper prices next year. Most of the copper comes from Chile. Globally, copper production increased by almost five percent in the first half of 2021, according to the International Copper Study Group. And currently, the global market for copper should be essentially balanced.

Positive economic prospects and increasing copper demand due to electromobility, renewable energies and infrastructure projects that devour large amounts of copper should strengthen the copper price in the new year, as should the companies that own copper in their properties, such as Aurania Resources or Aztec Minerals.

Aurania Resources – https://www.youtube.com/watch?v=88pChq5Oulg – is focusing on copper and precious metals in Peru and Ecuador. The Lost Cities-Cutucu project is located in Ecuador.

Aztec Minerals – https://www.youtube.com/watch?v=N0FElXWa4Nk&t=19s – focuses on the Cervantes gold-copper project in Mexico and has a 75 percent interest in the Tombstone concession in Arizona.

Current corporate information and press releases from Aurania Resources (- https://www.resource-capital.ch/en/companies/aurania-resources-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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