Is copper becoming scarce?

Decarbonization, including the electrification of the vehicle sector, military demand and the energy hunger of growing AI data centers are to blame. It often takes up to 20 years before a new copper mine is ready for production. What could boost copper supply is the high price of gold. This is because around half of the copper mined comes from polymetallic deposits. Reserves and resources indicate the extent to which raw materials are available. Reserves are deposits that have already been discovered, evaluated and are economically viable. Resources are larger and also include potentially profitable deposits and undiscovered deposits. Copper reserves are currently estimated to amount to around 1,000 million tons of copper. Undiscovered and identified copper resources account for up to an estimated 3,500 million tons of copper. However, economic conditions in mining are changing and technological progress, which devours copper, is progressing.

The amount of copper could grow if the copper that lies dormant in deep-sea nodules is added. However, a lot would still have to be invested in exploration efforts for this to happen. Even if copper is unlikely to run out, there is a threat of shortages that could make the metal more expensive. And this is despite the fact that copper is one of the few raw materials that can be recycled repeatedly, with hardly any performance being lost. As copper will be increasingly used due to a growing population, innovative technologies and sustainability considerations, the metal should develop well in terms of price. Although China’s important construction industry is still weakening, China’s economy is growing and is receiving stimulus measures. And secondly, the use of copper in China’s construction industry only really took off a few years ago, so there should still be huge potential here.

Meridian Mining – https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ – has copper, zinc, gold and silver in Brazil. The Cabaçal open-pit mining project appears to be particularly lucrative. According to a study, Cabaçal is rated as a gold-copper-silver mine with a high profit margin.

Aurania Resources – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ – is a company that is focusing on gold and copper at its The Lost Cities Cutucu project in the Andes. The project combines historical work and modern exploration methods in an exciting way.

Current company information and press releases from Meridian Mining (- https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -) and 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.

Disclaimer: The information provided does not represent any form of recommendation or advice. Express reference is made to the risks in securities trading. No liability can be accepted for any damage arising from the use of this blog. I would like to point out that shares and especially warrant investments are always associated with risk. The total loss of the invested capital cannot be excluded. All information and sources are carefully researched. However, no guarantee is given for the correctness of all contents. Despite the greatest care, I expressly reserve the right to make errors, especially with regard to figures and prices. The information contained herein is taken from sources believed to be reliable, but in no way claims to be accurate or complete. Due to court decisions, the contents of linked external sites are also co-responsible (e.g. Landgericht Hamburg, in the decision of 12.05.1998 – 312 O 85/98), as long as there is no explicit dissociation from them. Despite careful control of the content, I do not assume liability for the content of linked external pages. The respective operators are exclusively responsible for their content. The disclaimer of Swiss Resource Capital AG also applies: https://www.resource-capital.ch/en/disclaimer/