Traders are Desperate for Copper Amid intensifying competition among commodity traders for copper, driven by the metals critical role on the global shift toward renewable energy and EVs, lucrative opportunities are arising for miners as copper prices continue to climb.
Reinforced by significant production cuts and operational challenges faced by major producers like Anglo American and First Quantum Minerals, the robust demand for copper coupled with supply constraings and rising development costs is reshaping the landscape.
https://www.mining.com/web/traders-are-desperate-for-copper-deals-and-miners-are-cashing-in/
Amid an extensive exploration program aimed at enhancing its resource toward a historical resource toward a PEA, Abitibi Metals (AMQ.c AMQFF) is one company well-positioned in the market with the B26 Deposit, a new high-grade polymetallic copper deposit with an indicated resource of 6.9MT @ 2.94% Cu Eq and an inferred resource of 4.41MT @ 2.97% Cu Eq.
Notably, AMQ has been continually releasing promising drill results with the latest seeing 57.2m at 1.78% CuEq in extensional drilling including 13.1m at 3.1% CuEq. Check out this insightful breakdown & link to the latest KE Report interview for more: https://x.com/StckMasterFlash/status/1797757362209513956
Posted on Behalf of Abitibi Metals Corp.