2021-11-23 09:05:33
China is a regular copper exporter, but it’s making no difference for the market.
Inventories on the LME have repeatedly hit all-time lows, and as much as China can try to flood the market with reserves, it barely makes a dent. China continues to buy way more than it sells.
So what’s it all mean?
Prices continue to be squeezed higher, like an unstoppable force.
2020 really kicked off the long run higher, with prices in May 2021 culminating at $10,720/mt on the LME – up 132% in 12 months!
Going into 2022, experts and analysts are predicting further hikes as inventories remain low and new projects aren’t coming online fast enough.
So we know what the problem is – the solution is obvious: more new copper projects.
Luckily, there’s an under-the-radar Canadian resource development company that’s generating excellent results at its high-grade copper-zinc project in northern British Columbia.
That company is Kutcho Copper Corp. (TSXV:KC) (OTCQX:KCCFF).
Now that the company has completed a feasibility study for its flagship property, which resulted in very impressive economics, it’s about to take off along its path to production.
This is the moment for both copper and the company that will bring a new project online when the world is clamoring for more, more, more.
Learn more about this future copper producer by clicking here.
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