NEVADA COPPER - THE LAST PREPARATIONS ARE RUNNING
NEVADA COPPER - THE LAST PREPARATIONS ARE RUNNING On such days you can find high prices for the raw material copper; yesterday the ton was around USD 9,072, around 6% below the 10-year high. The reason for the direct influence on copper prices is the acute shortage caused by the run in the e-mobility sector, as no new major projects have been launched in recent years. Most of the copper is mined today in South America and China, with new projects in Mexico, Nevada and Canada. However, they should not be up and running in 2-3 years at the earliest. A new producer from the USA, Nevada Copper Corp., brings good news for the copper market. with their underground project Pumkin Hollow. The conveyor system for the new shaft was put into operation in March, 5,000 tons of material can now be extracted from the depths. New ventilation systems and an increased power supply are currently being installed, because the new large-scale system requires greater investments in materials and safety. If everything goes according to plan, the mine will be fully operational as early as the third quarter of 2021 and be able to deliver the copper concentrates in demand. Annual production in underground mining will average around £ 77 million over the production years, and the open pit mine could then produce around an additional £ 200 million if approved. Gold and silver can of course also be found as accompanying products, which are always included in the gold state of Nevada. Nevada Copper is thus one of the next projects to be “connected to the grid.” Since the beginning is already within reach, the capital markets will get involved in the share with a lead-time. Currently, NCU shares are bought at around CAD 0.18 at the start of a major revaluation. From Explorer to Producer - Nevada Copper Commences Production at Pumpkin Hollow | wallstreet-online.de - full discussion at: https://www.wallstreet-online.de/diskussion/1317096-1341-1350/explorer-produierenden-nevada-copper-commences-production-at-pumpkin-hollow#neuster_beitrag