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Copper got a big vote of confidence today when Goldman Sachs proclaimed the metal "the new oil" and forecasted copper price would certainly get to $6.80 per extra pound by 2025.
On Friday editor Neils Christensen, Kitco reporter Paul Harris as well as mining target markets supervisor Michael McCrae videotaped a podcast with visitor Ryan King, Vice Head Of State Corporate Development at Quality Mining. The panelists talked about gold and rising cost of living, as well as increasing product rates because of power change and steels required to build future framework.
Copper was up concerning 3% for the week and also since Friday June copper futures were $4.17 per pound.
In a note published on Tuesday, Goldman stated copper looks great because of energy shift. Copper is needed for nuclear power plant and all those brand-new electrical cars. Copper is likewise helped by stimulation, framework plans gone by federal governments to support economic situations hurt by the pandemic.
In February copper hit a multi-year high.
Calibre Mining operates the El Limon and La Libertad cash cow in Nicaragua. 2021 gold manufacturing is expected to be in between 170,000 – 180,000 ounces.
1:25 – Gold impacted by increasing inflation
8:12 – Goldman Sachs and also copper
9:03 – Robert Friedland and also copper
15:55 – Tin rates
34:18 – Consolidation and also M&A in the gold area
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Goldman Sachs lights fuse under copper
Copper got a big vote of confidence this week when Goldman Sachs declared the metal "the new oil" and predicted copper price would reach $6.80 per pound by 2025.
On Friday editor Neils Christensen, Kitco correspondent Paul Harris and mining audiences manager Michael McCrae recorded a podcast with guest Ryan King, Vice President Corporate Development at Calibre Mining. The panelists discussed gold and inflation, as well as rising commodity prices due to energy transition and metals needed to build future infrastructure.
Copper was up about 3% for the week and as of Friday June copper futures were $4.17 per lb.
In a note published on Tuesday, Goldman said copper looks good due to energy transition. Copper is needed for power plants and all those new electric vehicles. Copper is also aided by stimulus, infrastructure packages passed by governments to support economies harmed by the pandemic.
In February copper hit a multi-year high.
Calibre Mining operates the El Limon and La Libertad gold mines in Nicaragua. 2021 gold production is expected to be between 170,000 - 180,000 ounces.
1:25 - Gold impacted by rising inflation
8:12 - Goldman Sachs and copper
9:03 - Robert Friedland and copper
15:55 - Tin prices
34:18 - Consolidation and M&A in the gold space
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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