Copper and gold – often together in the ground

For the current year, the mining industry is expected to produce around 16,020 billion kilograms. The industry is expected to grow by 4.82 percent annually. Out of about 60 raw materials, gold, copper and iron ore have the lion’s share, about 62 percent. Iron ore tops the list, with gold and copper production roughly equal in value. Gold and copper are often found in the same project. For example, the oldest gold artifacts that have been found date back to the Copper Age. In addition to the three raw materials mentioned, a total of ten others (zinc, phosphate, potash, nickel, silver, diamonds, rock salt, manganese ore, bauxite and lead) account for almost 90 percent of total global raw material production.

In 2022, global gold demand accounted for around 4,700 tons, 18 percent more than the year before. 3,600 tons of gold were mined. Most gold has been mined so far in 2018. Most of the gold mined goes to the jewelry industry. In the pandemic year of 2021, gold was in particularly high demand as a safe haven, and gold demand for investment purposes was greater than consumption by the jewelry sector. For copper, the global production volume in 2022 was approximately 22 million tons.

A quarter of this came from Chile. The electrical industry in particular needs copper. Factors influencing the development of the mining industry include the global economic situation, technological advances and emerging markets. Copper should be a sought-after metal in the future due to technological advances, and gold is rightly not going out of style anyway. Companies that have both gold and copper in their projects are, for example, Aurania Resources or GoldMining.

In South America, Aurania Resources – https://www.commodity-tv.com/ondemand/companies/profil/aurania-resources-ltd/ – is focusing on precious metals and copper. The company’s exciting The Lost Cities gold-copper project is located in Ecuador.

GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/goldmining-inc/ – has a large block of shares in Gold Royalty in its portfolio, in addition to gold and gold-copper projects in North and South America.

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

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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