Nevada Copper Corp NEVDQ

Metals & Mining Copper

Nevada Copper Corp is a Canada-based mining company. The Company is engaged in the development, operation, and exploration of its copper project (the Project) at its Pumpkin Hollow Property (the Property) in Western Nevada, United States of America. Its two fully permitted projects include the high-grade Underground Mine and processing facility, which is undergoing a restart of operations, and a large-scale open pit PFS stage project. The Property is located in northwestern Nevada and consists of approximately 24,300 acres of contiguous mineral rights including approximately 10,800 acres of owned private land and leased patented claims. Pumpkin Hollow is located approximately 8 miles southeast of the small town of Yerington, Nevada in Lyon County, one- and one-half hours drive southeast of Reno. The Company’s wholly owned subsidiary is Nevada Copper, Inc.

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Nevada Copper Corp

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Post by Investoraceon Nov 24, 2017 10:26am

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Chile supports higher copper prices...

Chileans lift copper price forecast for 2018 as China grows

Santiago (Platts)--24 Nov 2017 954 am EST/1454 GMT

Chileans have lifted their forecasts for the copper price over the next 12 months on expectations that stronger growth from China will support demand.

A survey of 11 market experts this month by the Chilean Copper Commission gave an average price of $2.92/lb for 2018.

That compares to a forecast of $2.60/lb for 2017 in the previous survey released in May.

"Analysts attributed the improved price outlook to stronger demand from China, due to higher-than-expected GDP growth in the first half of the year," Cochilco said in a statement Thursday.

The forecast is one shared by Chile's state mining company Codelco, CEO Nelson Pizarro said Thursday.

"I fully believe that current price levels are completely sustainable and sustain current operations relatively well as long as our costs don't shoot up," he said.

Last month, Cochilco forecast that the copper price would average just $2.68/lb next year -- significantly below the current price which has soared to three-year highs of above $3/lb.

Cochilco head Sergio Hernandez noted that China's real estate market, a major consumer of the red metal, was continuing to grow by two digits in the country's largest cities despite lending restrictions on the sector.

"We forecast that copper demand will grow by around 2% in China next year," the official said.