Factors Affecting Copper Prices "From wiring and plumbing to electric vehicles (EVs) and electronics, base metal copper is key for a range of important applications in various industries."
Driven by a range of factors, copper has become a hot commodity in recent years with the price hitting a new all-time high as the world focuses on its green energy transition. A looming supply and demand imbalance combined with a range of mine disruptions are further adding fuel to copper's run, resulting in a positive investment outlook for the metal. (Source: https://investingnews.com/daily/resource-investing/base-metals-investing/copper-investing/copper-price-today-overview/)
Amid its continued release of high-grade drill results from its B26 Deposit, the latest showing 57.2m at 1.78% CuEq in extensional drilling including 13.1m at 3.1% CuEq, Abitibi Metals (AMQ.c AMQFF) is strongly positioned to capitalize on coppers dynamic market as it develops 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: https://www.reddit.com/r/Wealthsimple_Penny/comments/1dfcidf/ceo_interview_summary_abitibi_metals_amqc/
Posted on Behalf of Abitibi Metals Corp.