A look at base metals such as nickel and copper

Higher industrial metal prices are supported by an expected recovery of China’s economy. Lower US inflation rates and a gradual opening of China should have a positive effect. The complete opening of the Middle Kingdom is generally expected in the second or third quarter of 2023. This should have a positive impact on demand for industrial metals. In the industrialized countries, economic data have improved, particularly in the euro zone and the UK. And industrial activity has remained at a robust level. While things don’t look so rosy in the short term – China is not growing as strongly in the short term and the Fed is yet to raise interest rates – an upturn is expected after the first half of 2023 at the latest. The real estate market in China will also recover. And in 2023, there will probably be a turnaround in the Fed’s monetary policy decisions. There is still a threat of supply problems in the energy sector, even though crude oil prices have currently fallen. Short-term price declines should not obscure the increased demand for some metals caused by the energy transition. Many experts are therefore betting on copper, the metal of the future.

Nickel is increasingly needed for battery production. Demand is forecast to grow by four percent this year and by around eleven percent next year. Although the nickel market appears to be well supplied, rising prices can be expected in the long term due to increasing demand. This is because energy storage in electric drives and steel production cannot do without nickel.

Nickel is the territory of Canada Nickel Company – https://www.youtube.com/watch?v=-RZ8N_WNFxo -. The feasibility study for the flagship Crawford project in Ontario should be completed soon. In addition, the company is looking after manufacturing processes for nickel, cobalt and iron products without carbon emissions.

Anyone interested in copper companies should take a look at Hannan Metals – https://www.youtube.com/watch?v=UYCCTD_R_oE -. In the Andes in Peru lies the prospective San Martin copper-silver project, one of the other projects Hannan Metals is pursuing in Ireland.

Current corporate information and press releases from Hannan Metals (- https://www.resource-capital.ch/en/companies/hannan-metals-ltd/ -) and Canada Nickel Company (- https://www.resource-capital.ch/en/companies/canada-nickel-company-inc/ -).

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