Escalating Global Demand & Increased Consumption of Copper to Drive Revenues in 2020

PALM BEACH, Florida, Jan. 27, 2020 /PRNewswire/ — Various industry publications from around the world point out that global demand for copper metal (produced from refined copper and recycled scrap) is projected to advanced 4.2 percent per year through 2019 to 36.0 million metric tons, valued at $261 Billion. In this year, robust gains in building construction expenditures are expected to boost the use of copper wire, tube, and other mill products in applications such as building wire and plumbing. Increased infrastructure investment, particularly in developing countries, will further benefit copper suppliers as updates to national power grids drive the production of wire and cable. In addition, advances in global manufacturing output are expected to bolster the use of copper metal in transportation equipment, industrial machinery, domestic appliances, and other durable goods. Active mining companies in the markets this week include: Los Andes Copper Ltd. (TSX-V: LA), Freeport-McMoRan Inc. (NYSE: FCX), Lundin Mining Corporation (TSX: LUN) (OTCPK: LUNMF), First Quantum Minerals Ltd. (TSX: FM.TO) (OTCPK: FQVLF), Teck Resources Limited (NYSE: TECK).