Ivanhoe Feathers Kamoa Nest with More Drill Discoveries

The company announced it was expanding the mineralized copper discovery at the Kamoa North prospect in...

November 14th, 2018

Bucharest Gives Euro Sun the Thumbs Up for Rovina

Euro Sun said that the Prime Minister of Romania had signed off on Rovina in a...

November 13th, 2018

Ivanhoe’s Chinese Money Rains Down in Africa

The Canadian company is flush with cash to spend on exploration and development thanks to investment...

November 8th, 2018

Chinese Growth and US Rhetoric Keeping Copper Prices Down

In their November commodities forecast, analysts at FocusEconomics note that while copper is stable compared to...

November 7th, 2018

PolyMet Copper Project Gets Green Light from Minnesota

The NorthMet project in Northern Minnesota has received a permit to mine, with the company announcing...

November 6th, 2018

Buxton to Acquire New World Cobalt’s West Kimberley Project

West Kimberley is considered “highly prospective” for additional nickel-copper-cobalt sulfide mineralization within the Ruins Dolerite trend.

November 6th, 2018

5 Largest Copper Mines in the World

Chile is the world's top copper-producing country, so it’s no surprise that two of the largest...

November 6th, 2018
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Type “copper thieves” into your favourite search engine and hundreds of articles will come up showing the lengths to which people will go to collect a few pounds of copper. Or, in the case of a hijacking in Montreal, thousands of pounds of copper. Copper Price History Between 2003 and 2008, copper prices rose from less than $1 a pound to more than $4 per pound. As a result, people the world over, honest or not, are looking for copper. For more information on the price of copper, check out our brief overview of the copper price today. Use of Copper The melting and use of copper goes back more than 10,000 years and has been found in early civilizations...

Type “copper thieves” into your favourite search engine and hundreds of articles will come up showing the lengths to which people will go to collect a few pounds of copper. Or, in the case of a hijacking in Montreal, thousands of pounds of copper.

Copper Price History

Between 2003 and 2008, copper prices rose from less than $1 a pound to more than $4 per pound. As a result, people the world over, honest or not, are looking for copper. For more information on the price of copper, check out our brief overview of the copper price today.

Use of Copper

The melting and use of copper goes back more than 10,000 years and has been found in early civilizations all over the world. Adding tin to copper to make bronze made the metal easier to cast. Bronze was used in all aspects of life. Today, it is used for wiring, plumbing, coinage, electronics, and a variety of other applications. Given increased development in countries such as China, India, Brazil, and Russia, the use of copper is on the rise. China is using more and more copper, and its contribution to world demand has risen from 22 percent to 40 percent since 2008. With increased use in cell phones (and cell phone towers), computers, cars (think hybrids!), smart homes, pipelines, and supertankers, the increase in demand isn’t likely to let up.

And recycling copper pipes is not enough to meet the new demand. Annual global copper production exceeds 33 billion pounds, or more than 15 million metric tonnes. The identification of new reserves needs to happen at a significant pace in order to maintain those production levels. Certainly, despite a current state of oversupply in the copper space, a number of analysts and market watchers are calling for a copper supply crunch in coming years.

Copper Production

In order to bring new production online, junior exploration companies are scouring the world to find new deposits. Chile is the largest producer of copper and contains a massive 38 percent of known reserves. However, many other countries also have significant known reserves including the United States, Peru, Australia, Mexico, and Canada. The USGS also estimates that northeast Asia (Far East Russia and northern China) could hold 260 million metric tons of undiscovered copper reserves.

Investing in Copper

The returns can be significant. Peru Copper listed on the Toronto Stock Exchange in the fourth quarter of 2004. At that time, the company was worth about $150 million. In June 2007, the company announced a friendly buyout by Aluminum Corporation of China that valued the company at more than $900 million. This represents a 500 percent increase in less than three years.

In December 2005, Northern Peru Copper Corp issued more than 2 million shares at $1.50 per share in a private placement. All outstanding shares of the company were recently bought by China Minmetals Non-ferrous Metals Co., Ltd and Jiangxi Copper Co., Ltd. for $13.75 per share. That’s an amazing return of more than 800 percent in two years.

Consider also the success of Canadian mining legend Ross Beaty with his Lumina Copper group of companies, who reportedly brought over $1.4 billion back to investors through the sale of those companies and assets with only $170 million invested. Lumina was eventually bought by First Quantum Minerals.

The hunt is on for the next copper deposit and the next company that will bring huge returns to investors.

For more copper market news and information on the copper market, check out some of the following articles:

Copper Price Forecast 2017: Goldman Sachs Running with the Bulls

Copper Trends: A Review of 2016

3 Copper ETFs

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