RE:RE:RE:Guidelines IssuedGood timing ! Western Copper and Gold will be attending and hosting 1x1s and corporate presentations at several in person conferences; including:
• Sept 12-15 Precious Metals Summit, Beaver Creek, CO
Paul presenting Sept 14th @ 15:45
15:45
Western Copper and Gold
NYSE-A/TSX: WRN
https://www.gowebcasting.com/conferences/2023/09/12/precious-metals-summit/day/3
Beaver Creek: Critical minerals shine at precious metals summit
POSTED BY: HENRY LAZENBY SEPTEMBER 13, 2023
Metals in short supply
John Feneck, president of Feneck Consulting, argued copper is set up for one of the biggest rallies in history, citing a mid-year Goldman Sachs report anticipating a dramatic 80% increase in copper demand by 2025.
Despite copper’s vital role in the energy transition, its price has been down recently, which the speakers interpret as a buying opportunity. They also anticipate a growing interest in investments in physical copper holdings, similar to the uranium, gold, and silver sectors.
From L-R: President of Feneck Consulting John Feneck, co-founder and managing partner of Inventa Capital Michael Konnert, and Red Cloud director of research David Talbot during the global energy transition panel Precious Metals Summit at Beaver Creek, Colorado. Credit: Henry Lazenby
Feneck pointed to the unstoppable demand for power grid expansion across the world as another factor that will propel the red metal. Perhaps the posterchild for how critical power grid infrastructure investment is for governments is the critical state of South Africa’s power grid, which is experiencing “more than double the amount of blackouts in any year in history,” Feneck said, emphasizing the urgent need for innovative and green power generation and distribution solutions.
He also suggests monitoring the ‘CPER’ and ‘COPX’ for meaningful insight that could guide investors’ investment decisions. These ticker symbols represent two exchange-traded funds with CPER tracking the performance of copper. The COPX provide investment results that correspond generally to the price and yield performance of the Solactive Global Copper Miners Total Return Index. This index is designed to reflect the performance of the copper mining sector.
Meanwhile, Michael Konnert, the co-founder and managing partner of Inventa Capital, holds a bullish view on another critical metal — nickel — likening its potential growth trajectory to the one previously seen in the lithium market over the past decade or so.
Nickel, a significant component in batteries, appears to be undervalued, according to Konnert, who noted several potential near-term challenges for the metal.
These include an upcoming election next year in Indonesia, a significant contributor to global nickel production. He sees current pricing levels of nickel juniors as a buying opportunity, and believes some could see significant investment from larger companies in the sector following on Glencore’s (LSE: GLEN) recent purchase of equity positions in Stillwater Critical Metals (TSXV: PGE; US-OTC: PGEZF) and Palladium One Mining (TSXV: PDM; US-OTC: NKORF).
Konnert is also bullish on silver, pointing to the critical role the metal plays in the energy transition, especially its use in solar panels and electric vehicles, and highlighted the growing deficit in silver supply.
In recent times, the price of silver has experienced significant fluctuations due to decreasing supply. “Mining in prominent areas like South America is becoming more challenging and costly as mines deepen,” he says. “Even a minor disruption can significantly increase the prices of such commodities. We are nearing a point where we might witness a sharp increase in prices, again, similar to trends observed in the lithium market.”
Meanwhile, Red Cloud mining analyst David Talbot is spearheading initiatives in this sector, noting a “massive increase in the number of uranium and battery materials companies that we focus on.” Their dedication to the sector is evident as they have led or co-led the “highest number of mining deals after one other firm” since the start of 2020.