2021-11-24 09:23:47
Commodities are up – way up – in 2021.
In 2021, some commodity prices rose to or exceeded levels not seen since the spike of 2011. Crude oil prices) are expected to average $70 in 2021, an increase of 70% from 2020.
Demand is pushing it so high that prices should average $74 in 2022. Prices are running higher because of supply chain backlogs, shipping delays, and production problems. This applies to wheat, oil, silver, gold, and copper, one of the best-performing commodities in 2020 and 2021.
No matter which way you look at it, there is one commodity that has skyrocketed past the rest – copper.
Prices are up approximately 25% in 2021 alone, and they’re not slowing down. Every time prices pull back slightly, they only gather steam before rushing higher.
Low inventories are causing a lot of panic in the copper market, with deliveries consistently lower than 2020 and 2021, and a lack of new projects on the horizon.
Plus, with the $1 trillion infrastructure bill in the U.S. set to build or reconstruct highways, bridges, technology infrastructure, and a national network of charging stations for EVs, demand is only going higher.
Luckily we found a copper company that just completed a feasibility study for its copper project in Canada and is nearing production as we speak.
That company is Kutcho Copper Corp. (TSXV:KC) (OTCQX:KCCFF) and although it’s been flying under-the-radar, its strong project economics mean all that’s about to change.
Learn more about this future copper producer by clicking here.
Cautionary Statements:
Junior Mining Network (“JMN”) is not a financial advisory or advisor, investment advisor or broker-dealer and does not undertake any activities that would require such registration. The information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation, nor is the information an offer or solicitation to buy, hold or sell any security. JMN does not represent or warrant that the information posted is accurate, unbiased or complete and make no representations as to the completeness or timeless of the material provided. JMN receives fees for producing content on financial news and has been compensated to publish this content. Investors should consult with an investment advisor, tax and legal consultant before making any investment decisions. All materials are subject to change witho