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China reopening boosts copper outlook

Auszug

"Global stocks at multi-year lows

The demand boost for copper comes at a time when global stockpiles held by exchanges remain low. Last year, shrinking inventories were overshadowed by weakening global demand, but a revival in demand this year could set up the market for further squeezes and spikes in prices.

Copper stocks in LME warehouses remain low, representing just two days’ worth of global usage. Inventories on the SHFE and COMEX are also extremely low. Between the three exchanges, global copper inventories are now down to just a few days of consumption.
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"Longer-term, we still believe copper demand will improve amid the accelerated move into renewables and electric vehicles (EVs). In EVs, copper is a key component used in the electric motor, batteries, and wiring, as well as in charging stations. Copper cannot be substituted in EVs or wind and solar energy, and its appeal to investors as a key green metal will support higher prices over the next few years."

mehr
https://think.ing.com/articles/china-reopening-boosts-copper-outlook


long, SL 4,1  

Quelle
https://www.suricate-trading.de/seasonal-charts/  

Auszug

"
An energy system powered by clean energy technologies differs profoundly from one fuelled by traditional hydrocarbon resources. Solar photovoltaic (PV) plants, wind farms and electric vehicles (EVs) generally require more minerals to build than their fossil fuel-based counterparts. A typical electric car requires six times the mineral inputs of a conventional car and an onshore wind plant requires nine times more mineral resources than a gas-fired plant. Since 2010 the average amount of minerals needed for a new unit of power generation capacity has increased by 50% as the share of renewables in new investment has risen.

The types of mineral resources used vary by technology. Lithium, nickel, cobalt, manganese and graphite are crucial to battery performance, longevity and energy density. Rare earth elements are essential for permanent magnets that are vital for wind turbines and EV motors. Electricity networks need a huge amount of copper and aluminium, with copper being a cornerstone for all electricity-related technologies.

The shift to a clean energy system is set to drive a huge increase in the requirements for these minerals, meaning that the energy sector is emerging as a major force in mineral markets. Until the mid-2010s, for most minerals, the energy sector represented a small part of total demand. However, as energy transitions gather pace, clean energy technologies are becoming the fastest-growing segment of demand. In a scenario that meets the Paris Agreement goals (as in the IEA Sustainable Development Scenario [SDS]), their share of total demand rises significantly over the next two decades to over 40% for copper and rare earth elements, 60-70% for nickel and cobalt, and almost 90% for lithium.

Quelle
https://www.iea.org/reports/...n-energy-transitions/executive-summary  

 

Auszug

"DAVOS, Switzerland, Jan 20 (Reuters) - Copper prices are set for another rally this year thanks to surging demand, supply concerns and the metal's widespread use in energy transition technologies, Eurasian Resources Group's (ERG) chief executive officer told Reuters.

"Whatever the winning technologies for batteries, EVs (electric vehicles), renewable energy, etc, will be in the future, they all need copper," Benedikt Sobotka said on the sidelines of the World Economic Forum's annual meeting in Davos, Switzerland."

https://www.reuters.com/markets/commodities/...ly-worries-2023-01-20/

 

 

Kein Interesse mehr, Energie ist interessanter  

 

Faraday Copper is a Canadian exploration and development company with 100% ownership of two untapped North American copper deposits.
https://faradaycopper.com/

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