Copper Quest Exploration Inc C.CQX

Investment funds remain bullish on copper

[MarketMakerss]

Investment funds are remaining bullish on copper despite prices showing sideways movement as major copper mines including Codelco, Antofagasta and BHP have reduced their output. (Source: https://www.energyportal.eu/news/investment-funds-turn-bullish-on-copper/145799/)

With annual copper demand predicted to soar within the next decade, a significant supply shortfall of around 6.5 million tons based on current production rates is expected, underscoring the urgency for this vital metal and the necessity for increased copper output.

Amid this opportunity, Interra Copper (IMCX.c IMIMF) has emerged as a strong early-stage contender in the copper market.

IMCX recently achieved a significant milestone with the completion of Phase 1 drilling at its Tres Marias Copper Project which is located within the prolific Chilean Copper Belt, responsible for 28% of the world's annual copper production.

Phase 1 drilling efforts encompassed the completion of six Reverse Circulation holes, totalling 1,896 meters, the samples of which have been expedited to ALS Global for analysis with eagerly awaited results expected this month.

Tres Marias is an extensive project, spanning 16,000 hectares and strategically positioned in close proximity to major mining players such as BHP Billiton (BHP), Antofagasta Minerals (ANTO), Glencore (GLEN), and Freeport-McMoRan (FCX).

With copper's pivotal role in global decarbonization endeavours and the growing need for diverse copper sources within the supply chain, IMCX's prominence as an exceptional opportunity in the industry is elevated.

For further details on IMCX's potential, check out this short interview with the CEO: https://youtu.be/inlUh7Jbeu8

Posted on behalf of Interra Copper Corp