Solid 9% Push Today Copper markets have seen steady performance over the past few months especially as China begins to open up creating more demand from factories that are starting to return to full capacity. And with EVs using nearly 4-5x as much copper, demand moving into the future is only expected to increase when considering the rapid renewable energy transition as well.
https://financialpost.com/pmn/business-pmn/copper-steady-as-hopes-for-chinese-growth-underpin-market
LBC is one of my favourite exploration-stage companies in the industry for several reasons.
- They have a high level of community engagement and support at their Mocoa project.
- Continue to increase their property value with the recently intersected and extended the Terry porphyry at their Big Red project in Canada yielding 0.24% Cu and 0.03 g/t Au over 100.5m.
- Raised $1.9M to support exploration at the Mocoa and Esperanza porphyry copper projects.
- The potential of the projects is extremely high especially with the diversification as their projects are located in different regions.
Overall, with a valuation of just $17.5M and plans to ramp up exploration, there’s going to be a lot of catalysts to come. Don’t forget that copper prices are also expected to continue rising over 2023.