EXGEN RESOURCES INC.

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ExGen is a Canadian junior resource company focused on building a diverse portfolio of joint venture and royalty interests across various exploration stages and commodity groups. ExGen currently has three projects in each of Canada and the United States.

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EXGEN RESOURCES INC.

publicPublicGroup

ExGen is a Canadian junior resource company focused on building a diverse portfolio of joint venture and royalty inte......

people29 Members       (0)


Copper News and Data


Copper News and Data

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EXGEN COMMUNITYMGR
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COPPER: Analysts and Market Forecasts 


A quick view of trending market forecasts


BMO Raises Long-Term Forecast For Copper: The Bank of Montreal (BMO) has raised its long-term equilibrium price forecast for copper to $3.25/lb, in line with current prices, citing higher demand growth for copper from the emerging prominence of renewable energy.


According to BMO’s research, major copper demand will stem from solar and wind power installations, both of which are copper intensive. The automotive sector would also be important for growth as more electric vehicles hit the roads. https://www.kitco.com/news/2018-06-13/BMO-Raises-Long-Term-Forecast-For-Copper.html


 


TRADING ECONOMICS ( https://tradingeconomics.com/  ) :  Copper increased 0.06 USD/LB or 2.41% to 2.74 on Friday, January 25, from 2.67 in the previous trading session. Historically, copper reached an all-time high of 4.58 in February of 2011 and a record low of 1.94 in January of 2016.


Chile accounts for over one-third of the world's copper production followed by China, Peru, United States, Australia, Indonesia, Zambia, Canada, and Poland. Major exporters of copper ores and concentrates are Chile, Peru, Indonesia, Australia, Canada, Brazil, Kazakhstan, United States, Argentina, and Mongolia. The biggest importers of copper are China, Japan, India, South Korea, and Germany. Copper market participants use the COMEX Division of high-grade copper futures and options to mitigate price risk. Copper is the world's third most widely used metal, after iron and aluminum, and is primarily used in highly cyclical industries such as construction and industrial machinery manufacturing. Profitable extraction of the metal depends on cost-efficient high-volume mining techniques, and supply is sensitive to the political situation particularly in those countries where copper mining is a government-controlled enterprise.


access_time

Thumb exgen
EXGEN COMMUNITYMGR
Moderator

COPPER: Analysts and Market Forecasts 

A quick view of trending market forecasts

BMO Raises Long-Term Forecast For Copper: The Bank of Montreal (BMO) has raised its long-term equilibrium price forecast for copper to $3.25/lb, in line with current prices, citing higher demand growth for copper from the emerging prominence of renewable energy.

According to BMO’s research, major copper demand will stem from solar and wind power installations, both of which are copper intensive. The automotive sector would also be important for growth as more electric vehicles hit the roads. https://www.kitco.com/news/2018-06-13/BMO-Raises-Long-Term-Forecast-For-Copper.html

 

TRADING ECONOMICS ( https://tradingeconomics.com/  ) :  Copper increased 0.06 USD/LB or 2.41% to 2.74 on Friday, January 25, from 2.67 in the previous trading session. Historically, copper reached an all-time high of 4.58 in February of 2011 and a record low of 1.94 in January of 2016.

Chile accounts for over one-third of the world's copper production followed by China, Peru, United States, Australia, Indonesia, Zambia, Canada, and Poland. Major exporters of copper ores and concentrates are Chile, Peru, Indonesia, Australia, Canada, Brazil, Kazakhstan, United States, Argentina, and Mongolia. The biggest importers of copper are China, Japan, India, South Korea, and Germany. Copper market participants use the COMEX Division of high-grade copper futures and options to mitigate price risk. Copper is the world's third most widely used metal, after iron and aluminum, and is primarily used in highly cyclical industries such as construction and industrial machinery manufacturing. Profitable extraction of the metal depends on cost-efficient high-volume mining techniques, and supply is sensitive to the political situation particularly in those countries where copper mining is a government-controlled enterprise.


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