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Western Copper and Gold Corp T.WRN

Alternate Symbol(s):  WRN

Western Copper and Gold Corporation is a Canada-based exploration stage company. The Company is engaged in developing the Casino Project. The Casino Project is a copper-gold mining project in Yukon, Canada. The Casino porphyry copper-gold-molybdenum deposit is located in west central Yukon, in the northwest trending Dawson Range mountains, approximately 300 kilometers (km) northwest of the territorial capital of Whitehorse. The Casino project is located on Crown land administered by the Yukon Government and is within the Selkirk First Nation traditional territory and the Tr’ondek Hwechin traditional territory lies to the north. The Casino Property lies within the Whitehorse Mining District and consists of approximately 1,136 full and partial Quartz Claims and 55 Placer Claims acquired in accordance with the Yukon Quartz Mining Act. The total area covered by Casino Quartz Claims is approximately 21,126.02 hectares (ha). The total area covered by Casino Placer Claims is 490.34 ha.


TSX:WRN - Post by User

Post by Riotintoeon Apr 13, 2023 3:12pm
167 Views
Post# 35393696

Cu Outlook/LME inventories lowest since 2005

Cu Outlook/LME inventories lowest since 2005Interesting data from Trading Economics today;

;

"Copper futures in the US rose past $4.1 per pound in mid-April, approaching their highest level since March 1st amid a weak dollar, expectations of elevated demand, and persistent concerns of low supply. Strong credit growth in China underscored Chinese authorities’ goal of stimulating infrastructure construction. In the meantime, data from the London Metal Exchange showed inventories fell to 56,000 tonnes, the smallest amount since 2005. The development tracked stocks at the Shanghai Futures Exchange, which lost over one-third since their peak in February. To add, Chile’s state-owned Codelco said the output in 2023 is estimated to sink as much as 7% after the 10.6% decline in 2022. Depleting stocks worldwide drove key commodity trader Trafigura to forecast copper prices at a record high this year. Meanwhile, supply and demand imbalances led Goldman Sachs to project a global shortage of visible copper inventories by September."

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