One of the world’s biggest copper traders, Trafigura Group believes the metal could hit $15,000 a ton over the next decade, reports Bloomberg. All as demand from decarbonization efforts produces a potential deficit. However, they’re not the only ones bullish on copper. Goldman Sachs says it could rally to $10,500 over the next 12 months. Citi says it could reach $12,000 by 2022. That’s great news for companies such as Windfall Geotek (TSXV:WIN) (OTC:WINKF) (FSE:L7C2), Freeport-McMoRan (NYSE:FCX). Southern Copper Corp. (NYSE:SCCO), Gratomic Inc. (TSXV:GRAT)(OTC:CBULF), and Cielo Waste Solutions Corp. (CSE:CMC)(OTC:CWSFF). “You can’t move to a green economic environment and not have the copper price moving significantly higher,” says Kostas Bintas, trader at Trafigura, as quoted by Bloomberg. “How can you have one without the other?”
Over the last few days, we’ve seen copper prices run after Chile closed its borders thanks to a spike in CV-19 cases. “The world’s top exporter of the metal closed its borders for a month as reported a daily record of 7,830 infections last week, an all-time high for occupied hospital beds, and a nationwide positivity rate of 11%,” according to Mining.com.
Look at Windfall Geotek (TSXV:WIN)(OTC:WINKF)(FSE:L7C2) for example
Windfall Geotek, which provides the very eyes and ears miners could use to identify mineral-rich projects through delivering artificial intelligence (AI), just announced the opening of a bidding process for its asset near Chapais, Quebec. The Chapais Property lies within the Chapais mining district and Chapais-Chibougamau mining camp. Regional mineralization styles found in this district include but are not limited to the Opemiska type copper-gold systems.
Location, Access and Infrastructure of the Chapais Property:
– The Windfall Geotek’s Chapais Property is located 490 km northwest of Montreal, 2 km west of the town of Chapais and 40 km southwest of Chibougamau in northern Quebec (NTS map sheet 32G/15).
– Property is comprised of 36 claims, covers 1,560 hectares of surface area and is located 490 km’s NW of Montreal, Quebec, Canada.
– Road accessible & grid power access. Direct road access to the Chapais Property is via route 113 to provide access to the deposits. Route 113 is a paved regional highway that is part of the Trans-Canada Highway. The road begins 2.5 km south of the community of the town of Chapais. The access road is currently used for diamond drill and personnel access to the site all year around. A series of ATV trails provide access to the property. Close access to the provincial electrical transmission grid is available along Route 113 near the town of Chapais that runs through the Chapais Property Land Claims.
– Coordinates for the center of the Project site are latitude 49° 48’ 16’’ N and longitude -74° 54’ 37’’ W (506480mE, 5516890mN) at an elevation of 332 m.
Nathan Tribble P.Geo, Director commented: “The Chapais Property is well situated in a prolific region that has produced over 1 billion pounds of copper and 1 million ounces of gold. It’s exciting to see the large CARDS AI generated targets within favorable rock types that were host to the historic Perry and Springer mines adjacent to our land package. During this new supercycle of electrification metals this is a fabulous project that should gain a lot of attention here in short order.”
Dinesh Kandanchatha, Chairman & Interim CEO commented: “As we engage with our strategic review, the management team of Windfall is looking to maximize the value of the company’s resource assets. With the demand for Copper and other base metals, Windfall is looking to develop this asset with the right operational partner. This property and AI targets reflect our commitment to our business plan of focusing on battery metal opportunities that can drive long term royalties for shareholders.”
Other related developments from around the markets include:
Freeport-McMoRan announced that its Board of Directors declared a cash dividend of $0.075 per share on FCX’s common stock payable on May 3, 2021, to stockholders of record as of April 15, 2021. As previously reported on February 2, 2021, the Board adopted a financial policy for the allocation of cash flows aligned with FCX’s strategic objectives of maintaining a strong balance sheet, and increasing cash returns to shareholders.
Southern Copper Corp. reported fourth quarter and 2020 results. Mr. German Larrea, Chairman of the Board, commenting on the Company ´s progress and current circumstances said: “Thanks to timely implementation of a well-designed COVID-19 protocol, strict hygiene and safety measures are firmly in place at all of our operations. This, coupled with the isolated nature of our physical mining operations and low-density workforce have helped us weather the pandemic. In this context, our units registered high economic contributions that led us to close the year with production records for copper, molybdenum and silver. We produced more than one million tons of our main product, copper, at a very competitive operating cash cost of $0.69 per pound, which attests to the strength of our operating position.
Gratomic Inc. pleased to welcome Nico Scholtz Pr. Sci. Nat. (Reg. No. 400299/07) to the team. Nico is a Qualified Person under the JORC, SAMREC and National Instrument 43-101 legislation. With 20 years’ experience in delineating and managing mineral exploration and near production projects globally, Gratomic is pleased to add Nico’s experience to our Aukam Graphite Project in Namibia.
Cielo Waste Solutions Corp. is pleased to announce that it has received a conditional grant from Alberta Innovates in the amount of CDN$500,000.00 toward the nearly CDN$900,000.00 needed for a commercial feedstock demonstration of used railway ties at its pilot facility in Aldersyde, Alberta. The commercial trial must first be granted approval from Alberta Environment & Parks (“AEP”). Cielo’s engineers have been working since last fall to complete the material testing, bench-scale trials and process modeling that will help facilitate approval from AEP. Cielo intends to then implement a 100 tonne demonstration, followed by a larger 500 tonne demonstration. The timeframe for the demonstrations and analysis is anticipated to be approximately 3 months.
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