Two important raw materials that begin with K, potash and copper
No technological progress without copper. Without potash fertilizer, problems with the food supply.
Many people are still starving, and sufficient high-quality food is in demand. Potash is an important ingredient in cultivation. This is because potash saves water, reduces water evaporation and strengthens the resistance of plants to frost, for example. Potash fertilizer is also known as a crop enhancer, as potash enriches ingredients such as sugar. As a lot of potash comes from Russia and Ukraine, the security of supply is now at risk. Whether grown organically or conventionally, plants need fertilizer. Potash is also available in Gabon, Africa at Millennial Potash’s – https://www.commodity-tv.com/play/millennial-potash-updated-resource-estimate-and-pre-feasibility-study-coming-before-year-end/ – potash project. The positive pre-feasibility study proves that a cost-effective mining operation is possible. By means of a private placement, Millennial Potash is also equipped to realize the further development of the Banio project.
One commodity that is certainly better known to investors is copper. Copper was in high demand last year. In 2023 alone, a good 27 million tons of copper were needed worldwide, and demand is growing steadily. In 2013, the figure was just over 21 million tons of copper. Even if the real estate market is still weak in China, the demand for copper is still very high. With growth of five percent in China, it is forecast that annual copper consumption there will amount to around 15 million tons of copper per year by 2035.
India has been experiencing accelerated economic growth for around three years. As a result, Indian copper consumption has almost doubled in the last two years. Indonesia is also enjoying a booming economy. As the signs point to a further increase in global copper consumption, companies with copper in the ground, such as U.S. GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ -, are of interest. Its promising Whistler property in Alaska contains copper and gold and the drilling program is underway.
Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/de/unternehmen/us-goldmining-inc/ -) and Millennial Potash (- https://www.resource-capital.ch/de/unternehmen/millennial-potash-corp/ -).
In accordance with §34 WpHG, I would like to point out that partners, authors and employees may hold shares in the companies mentioned and that there is therefore a possible conflict of interest. No guarantee for the translation into German. Only the English version of this news is valid.
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