US Copper Corp V.USCU

Alternate Symbol(s): USCUF

US Copper Corp. is a Canada-based exploration stage company. The Company has interests in exploration properties in Ontario, Canada and, through wholly owned subsidiaries, has interests in exploration properties in Nevada and California, United States. It controls approximately 13 square miles of patented and unpatented federal mining claims in the Light’s Creek Copper District in Plumas County, NE California; essentially, the entire District. The District contains substantial copper (silver) sulfide and copper oxide resources in three deposits, such as Moonlight, Superior and Engels, as well as several partially tested and untested exploration targets. The Moonlight deposit hosts a current National Instrument 43-101 (NI 43-101) indicated resource of approximately 252 million tons. The Superior Project includes about 132 unpatented mining claims and a lease on 36 patented claims in Plumas County, California. It also owns mining interests in Timore, Warren Whiteside, and Black Warrior.

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US Copper Corp > This article is 2 days old. It sums things up

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Comment by tamaracktopon May 30, 2021 4:25pm

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RE:This article is 2 days old. It sums things up

The current deficit in the copper market is expected to deepen over the next several years boosted by demand from the power and construction sectors, and as vehicle electrification accelerates.

“Beyond 2020, we forecast that consumption will outstrip production over the period to 2024, resulting in a growing refined market deficit and increasing copper prices,” said S&P Global Market Intelligence commodity analyst Thomas Rutland, in a news release.

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A report by Roskill forecasts total copper consumption will exceed 43 million tonnes by 2035, driven by population and GDP growth, urbanization, and electricity demand. Total world mine production in 2020 was 20 million tonnes.

Demand in 2021 is expected to outstrip supply leading to a potential deficit of at least 200,000 tonnes.

Fitch Solutions expects a shortfall of 489,000 tonnes in 2024 to rise to 510,000 tonnes in 2027.

“The world continues to get conned. Every year so-called “experts” predict a surplus; instead what happens? Deficit after supply deficit,” said Ahead of the Herd Rick Mills in his last article.

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Fitch Solutions expects a shortfall of 489,000 tonnes in 2024 to rise to 510,000 tonnes in 2027.

“The world continues to get conned. Every year so-called “experts” predict a surplus; instead what happens? Deficit after supply deficit,” said Ahead of the Herd Rick Mills in his last article.

“Beyond 2020, we forecast that consumption will outstrip production over the period to 2024, resulting in a growing refined market deficit and increasing copper prices,” said S&P Global Market Intelligence commodity analyst Thomas Rutland, in a news release.

Back in January, Codelco approved a $1.383 billion underground expansion of its Salvador mine, which will extend the productive life of the aging operation by 40 years and increase output by 30%.

The expansion will convert Salvador, in operation since 1959, from an underground mine to an open-pit one. It is one of six major projects the Chilean miner is advancing to boost production at its depleting mines.

A report by Roskill forecasts total copper consumption will exceed 43 million tonnes by 2035, driven by population and GDP growth, urbanization, and electricity demand. Total world mine production in 2020 was 20 million tonnes.

Demand in 2021 is expected to outstrip supply leading to a potential deficit of at least 200,000 tonnes.

Fitch Solutions expects a shortfall of 489,000 tonnes in 2024 to rise to 510,000 tonnes in 2027.

“The world continues to get conned. Every year so-called “experts” predict a surplus; instead what happens? Deficit after supply deficit,” said Ahead of the Herd Rick Mills in his last article.