5 Top Weekly TSXV Stocks: Drill Results Boost Golden...

Other companies that saw hefty gains last week are Aldridge Minerals, East Africa Metals, Renaissance Oil...

August 19th, 2018

Let the Good Times Roll: OZ Minerals Posts Massive...

The Australian company has rolled with its takeover of Brazil-focused Avanco Copper over the first half...

August 16th, 2018

Top Copper Production by Country

Here’s a look at top copper production by country in 2017, as reported by the US...

August 16th, 2018

Low Grades Undermine Antofagasta’s Copper Output

The company says in its H1 report that it is confident it will hit its copper...

August 14th, 2018

The Year So Far: Ivanhoe Looks Busy

The company exhaustively details everything it’s been up to in the first half of the year...

August 13th, 2018

Atacama Desert: Where Copper is King

The Atacama Desert has drawn a lot of investment attention in recent years with the lithium...

August 13th, 2018

Lithium, Copper to Drive Australian Commodities Exports

The Reserve Bank of Australia expects the country's lithium exports to triple over the next several...

August 13th, 2018
<< Older Posts
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

Get the latest Copper Investing stock information

Get the latest information about companies associated with Copper Investing Delivered directly to your inbox.

Copper Investing

Select All
Select None

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time