Sponsored

Strong Tailwinds for CYM considering copper market trends

Highlights

  • Copper, the third-most-consumed metal in the world is known as a highly electrically conductive material and commands diverse applications.
  • The uptick in copper price growth over the course of the past year has been fuelled by the rollouts of COVID-19 vaccine and the high demand from China.
  • The global green transformation, particularly driven by electric vehicles and upgrades to our electric grid infrastructure includes copper as an essential metal.
  • The copper usage in clean energy technologies is many times higher than in fossil fuel plants.

Key Cyprium Highlights

  • Cyprium Metals is advancing copper focussed exploration on its projects located in the Murchison and Paterson regions of Western Australia.
  • Cyprium is committed to the near-term development of Nifty open pit heap leach copper strategy to produce LME grade A copper cathode.
  • The Company enjoys a portfolio of development opportunities with more than 1.2Mt of contained copper in Mineral Resources.

Cyprium Metals Limited (ASX: CYM) is a copper focussed exploration company, with projects located in the Murchison and Paterson regions of Western Australia, that is host to several base metal deposits with copper and gold mineralisation. The Company’s strategy involves acquiring, developing and operating mineral resource projects in Australia, with innovative processing solutions optimizing the projects to produce copper metal on-site to maximise value.

ALSO READ: Cyprium leaves no stone unturned on its quest to build a mid-tier copper company

Cyprium is committed to the near-term development of Nifty open pit heap leach copper strategy to produce LME grade A copper cathode. Since completing the acquisition last year, the Company has rapidly advanced Nifty towards production. Cyprium enjoys a portfolio of development opportunities with more than 1.2Mt of contained copper in Mineral Resources.

ALSO READ: Cyprium Metals charges ahead with a slew of developments at Nifty

ALSO READ: Cyprium Metals reports exciting developments at Maroochydore Copper Project

Cyprium is advancing well with its multi-asset strategy set to capitalise on global electrification thematic. CYM share price edged up over 23% in the past one month, trading at AU$0.185 on 12 January 2022. With this backdrop, let us explore copper market trends and global electrification thematic,

Copper supply and demand

Copper prices touched record high in 2021, marking a massive growth since the COVID-19 outbreak. The growth in copper price over the course of the past year has been fuelled by the rollouts of COVID-19 vaccine and the high demand from China. Market analysts believe that growing global concern regarding the low copper inventories could further drive the copper demand and prices.

Copper demand

Source: Copyright © 2022 Kalkine Media®

Diverse applications of copper

Copper, the third-most-consumed metal in the world is a highly electrically conductive material. It is for this reason that Copper is extensively used in transmission infrastructure, energy generation, and energy storage. Electronic applications of copper ranges from wire and cables to transformers, motors, electromagnets, switches, etc.

It is widely used in the construction, transportation, telecommunications, and automobile manufacturing sectors. Copper is increasingly being used in producing high-speed computers, home appliances, and robots’ internal parts.

ALSO READ: Cyprium Metals’ encouraging results exhibit mineral resource expansion potential

 Copper Applications

Source: Copyright © 2022 Kalkine Media®

Global Electrification thematic

The global green transformation, particularly driven by electric vehicles and upgrades to our electric grid infrastructure includes copper as an essential metal. Copper is used in making stator, foils, rotor, shaft head, motors, etc. for usage in electric vehicles. Recently, EV growth has increased the demand for copper, which therefore has been rebranded as a green metal.

ALSO READ:  Cyprium Metals announces maiden MRE for Nifty copper deposit, confirms Nifty as top tier copper deposit

The growing climate concern has also led towards the large-scale adoption of renewable energy technologies. In building these technologies, copper has remained as one of the significant metals owing to its role in building both the technologies as well as their associated infrastructure. The amount of copper usage in clean energy technologies is many times higher than in fossil fuel plants, significantly increasing copper demand.

READ MORE: Inside Cyprium's (ASX: CYM) Multi-asset strategy to capitalise on global electrification theme

Comment


Disclaimer

Ad

GET A FREE STOCK REPORT


Top Penny Picks under 20 Cents to Fit Your Pocket! Get Exclusive Report on Penny Stocks For FREE Now.


   
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK