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Solaris Resources Inc T.SLS

Alternate Symbol(s):  SLSR

Solaris Resources Inc. is a Canada-based multi-asset exploration company that is engaged in advancing a portfolio of copper and gold assets in the Americas. Its Warintza property is a porphyry copper-molybdenum-gold project located in southeastern Ecuador in the province of Morona Santiago. It includes nine metallic mineral concessions covering 26,777 hectares (ha). The Ricardo property is an exploration porphyry copper prospect located near Calama, Chile in the Calama Mining District. Its claim block covers approximately 16,000 ha. The Tamarugo property is a grass-roots copper porphyry target located in northern Chile approximately 85 kilometers northeast of Copiapo. Its claim blocks cover a total of approximately 12,300 ha. The Capricho project is a 4,200-ha copper-molybdenum-gold property. The Paco Orco project is a 4,400-ha lead, zinc and silver property. The La Verde property is situated in the Sierra Madre del Sur west of Mexico City, including the Unificacion Santa Maria claim.


TSX:SLS - Post by User

Post by savyinvestor333on Dec 08, 2022 9:07am
198 Views
Post# 35158585

Goldman forecasts record copper prices next year as China

Goldman forecasts record copper prices next year as China

Goldman Sachs said copper prices will jump to record highs in the next 12 months, as a looming supply shortage coincides with growing demand, keeping the physical market for the metal in deficit in 2023.

Goldman now forecasts a 178K metric ton deficit in the copper market next year, compared to its previous outlook for a 169K-ton surplus, causing the firm to raise its 12-month copper price target to $11K/ton from its prior forecast of $9K/ton, with the average price for 2023 raised to $9,750/ton from $8,325 previously. 

China likely will accelerate its restocking of depleted inventories next year as it ramps up toward a COVID reopening and enacts measures to stabilize its troubled property sector.

"Copper's long-term fundamentals remain intact, and Freeport McMoRan (FCX) is well-primed to leverage the recovery in underlying copper futures," JR Research writes in an analysis published recently on Seeking Alpha.

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