Copper Boom Keeps Booming – Junior Mining Network

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.

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