Lumina Copper Corp LCPRF

Mining M&A in Latin America, China And Prospects For Copper

[Mining78]

Chile, Indonesia, USA, Australia and Canada together account for 80% of the world’s copper supply, and with the revived interest in the metal, many national companies are now making headlines with plans of acting to relieve demand pressures and ease supply shortfalls, signalling the potential turnaround and the major bottom in this mining cycle anticipated in the copper market.
Yet as copper gained ground, hitting a four month high at the beginning of July (London Metal Exchange) and peaking just above US $3.25/lb, many analysts had to re-rate their copper valuations, which were largely based on overblown fears of a dropping demand from China, it being the world’s largest base metal consumer. In actuality, Chinese copper demand continued to rise while the refined copper market ran into a deficit.
There is however a new drive for copper demand to be considered, a technological drive delivered by the global introduction of the electric car. Copper finds itself a prerequisite for every electric and hybrid car
It is clear from looking at Lumina Copper’s stock, which went from CDN $3 to nearly CDN $11 in three months, that the market is slowly catching on to the real potential value of essential metal projects.
https://kirillklip.blogspot.co.uk/2014/07/mining-m-in-latin-america-china-and.html