CSE:IMCX - Post Discussion
Post by
MarketMakerss on Mar 20, 2023 4:17pm
Copper as most critical metal globally
“I would highlight copper as the most critical metal globally given the shortage in the market. We only had 3.5 days of copper stock equivalent at the end of last year,”
Trafigura’s co-head of metals and minerals noted that "the copper price could hit a new record high within the next 12 months owing to very tight stocks, even above $12,000 a tonne."
A junior copper pick to consider is Interra Copper (IMCX. IMIMF) as they recently announced the signing of a definitive business combination agreement with Alto Verde Copper to acquire all issued and outstanding shares.
This is an important transaction as Alto Verde has a significant land package totalling 16,250 hectares with 3 highly prospective exploration assets on the Chilean copper belt.
Notably, the properties are in close proximity to several of the world's largest mines, including Antofagasta Minerals (ANTO), the largest copper mining company & largest mining company in the world BHP Billiton (BHP BHP.ax), Glencore (GLEN), and the second largest mining company in the world Freeport-McMoRan (FCX)
IMCX News Release: https://www.thenewswire.com/press-releases/1kVGFO8aG-interra-copper-and-alto-verde-copper-sign-definitive-agreement-for-business-combination.html
Source for copper price records: https://www.mining.com/web/trafigura-sees-fresh-copper-price-records-within-a-year/
Posted on behalf of Interra Copper CorpPosted on behalf of Interra Copper Corp
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