Copper Price Set to Rebound - Energy Metals News As detailed in the latest Energy Metals News article, despite a recent 20% drop in copper prices, analysts from BMO, Citi, and Goldman Sachs predict a price rebound due to a Chinese smelter supply shortage and limited mine supply:
https://www.baystreet.ca/stockstowatch/18594/Copper-Price-Set-to-Rebound-Amid-Supply-Shortages-and-EV-Demand-Surge-Miners-Respond A report from the Financial Times indicates closer collaboration between copper miners and end users due to expected shortages. Further, the International Energy Forum warns that 55% more copper mines are needed to meet electric vehicle (EV) transition goals.
One of the companies mentioned in the article, Abitibi Metals (AMQ.c AMQFF), is advancing the B26 high-grade polymetallic copper deposit, in Quebec.
Boasting an indicated resource of 6.9MT @ 2.94% Cu Eq and an inferred resource of 4.41MT @ 2.97% CuEq, B26 holds significant potential with several high-priority drill targets identified outside of the main deposit.
Underscoring the importance of operating in a stable jurisdiction like Quebec, Deluce highlighted AMQ's strong financial position, world class team, strong investor base including high net worth individuals and institutions, as well as its clear vision going forward.
For more information, refer to AMQ's CEO Jon Deluce with MiningIR at the Mining Investmet Event of the North to discuss the company's B26 Deposit in Quebec:
https://www.youtube.com/watch?v=ptrVETQ9gpM Posted on Behalf of Abitibi Metals Corp.