More topical than ever for investors – gold and copper

This is because the recent inflows into ETFs, including ETFs in the US, are creating optimism and argue against a price decline. Two or possibly even three interest rate cuts in the USA should drive the gold price. At the moment, the high gold price is presumably leading to lower gold exports to India and China. More gold is currently being exported to the United Kingdom.

The price trend for copper has also been pleasing so far this year. A few months ago, there was even a new price record of more than USD 11,000 per tonne of copper. In short, a supply deficit and growing demand are coming together. The automotive industry is driving the price of copper, and the strong growth in demand for electricity, not least due to artificial intelligence, is also having an impact. Added to this is the wind and solar industry.

Many experts expect metal prices to continue to rise over the next twelve months. New copper discoveries are few and far between and it currently takes around 18 years for a new copper mine to come on line. In 2022, around 25 million tons of copper were needed worldwide, and an estimated 30 million tons copper will be needed by 2035. Collective Mining and U.S. GoldMining, for example, have copper and gold in their projects.

Collective Mining – https://www.commodity-tv.com/ondemand/companies/profil/collective-mining/ – owns projects in Colombia with copper, silver, gold and tungsten.

U.S. GoldMining – https://www.commodity-tv.com/ondemand/companies/profil/us-goldmining-inc/ – is exploring the Whistler project in Alaska. It covers a good 217 square kilometers and contains gold and copper. Drilling is underway.

Current company information and press releases from U.S. GoldMining (- https://www.resource-capital.ch/en/companies/us-goldmining-inc/ -) and Collective Mining (- https://www.resource-capital.ch/en/companies/collective-mining-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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