Sign In  |  Register  |  About Los Altos  |  Contact Us

Los Altos, CA
September 01, 2020 1:26pm
7-Day Forecast | Traffic
  • Search Hotels in Los Altos

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Copper Prices Could Climb 50% as AI, Green Energy and Defense Spending Drive Demand

Disseminated on behalf of Gladiator Metals Corp.

Copper is becoming an indispensable industrial commodity, akin to oil’s prominence in past decades, according to leading commodities analyst Jeff Currie.

Copper prices are hitting record highs, with benchmark prices in London around $10,000 per ton, more than double the lows seen during the pandemic in early 2020. 

Currie attributes this surge to new economic forces such as artificial intelligence (AI), the growth of data centers, and the green energy revolution, along with increased military spending on new weapons systems. 

“Copper is the new oil,” he stated on Bloomberg TV, calling it “the highest-conviction trade I’ve ever seen.”

Copper has traditionally been a key industrial indicator due to its wide range of uses in manufacturing, construction, and electronics. However, the recent influx of billions of dollars into AI and renewable energy presents a new dynamic for copper’s future. Currie, who made a similar prediction in 2021 while at Goldman Sachs, believes this time is different due to the combined demand from AI, green energy, and the military.

Despite high demand, supply remains tight since bringing new copper mines online can take 12 to 26 years. Currie predicts this imbalance will drive prices to $15,000 per ton. Currently, copper prices are already at record highs, around $10,000 per ton.

At some point, prices may reach a level that causes “demand destruction,” where buyers resist high costs. However, Currie is unsure what that price level might be. Reflecting on the 2000s, when crude oil prices soared from $20 to $140 per barrel, he sees a similar significant upside for copper.

This anticipated surge in copper demand aligns perfectly with the strategic positioning of companies like Gladiator Metals Corp. (TSXV:GLAD) (OTCQB:GDTRF) (FSE: ZX7) a mineral exploration company focused on the advancement and development of multiple high-grade copper prospects in Canada’s Whitehorse Copper Belt.

Gladiator Metals’ Whitehorse Copper Project in the Yukon is notable for its significant high-grade copper mineralization, supported by recent geophysical surveys and historical drilling results that found high copper grades ranging from 1.42% to 1.54%, with potential by-product credits of gold, silver, and molybdenum potentially enhancing the value of the recovered materials by up to 25%. and recent geophysical surveys. 

The project includes 30 known prospects within a 35 km by 5 km belt and is strategically located in a stable, mining-friendly Tier-1 jurisdiction with excellent infrastructure, including roads and grid hydro power, supporting lower-cost, low-emission copper production.

Previously owned by Hudbay Minerals, the project produced around 10 million tons of copper at approximately 1.5%. However, Hudbay only scratched the surface, lacking the technology to fully unlock the potential of these deposits, giving Gladiator Metals a unique opportunity to uncover substantial new resources.

Having already completed 7,000 meters confirming historical drill results, Gladiator Metals is targeting a potential future resource of 100 million tonnes at 1.5-2% CuEq.

Gladiator Metals Unveils High-Grade Copper Finds at Cowley Park Prospect

On May 23, Gladiator Metals Corp. (TSXV:GLAD) (OTCQB:GDTRF) (FSE: ZX7) announced significant assay results from the Cowley Park prospect at the Whitehorse Project. These results are from historical drill holes that had not previously been logged or assayed and further define the continuity of high-grade copper skarn mineralization at Cowley Park.

Key drill results include 10.3 meters at 1.92% Cu and 1,459 ppm Mo from 131.7 meters in hole 19-CP-14, 10 meters at 1.07% Cu from 49 meters (within 24 meters at 0.63% Cu from 35 meters) in hole CP-149, and 8 meters at 1.02% Cu from 105 meters in hole CP-159. The interval in CP-159 represents the most south-easterly intercept of copper skarn mineralization to date, with mineralization remaining open under cover.

These findings also highlight several promising exploration targets: the South Eastern Extension could expand the mineralized system, the North Eastern Extension remains open with significant historic intercepts like 43.28 meters at 2.24% Cu, and additional unexplored sub-parallel trends show great potential. Mineralization remains open at depth, with significant intervals like 14.33 meters at 1.22% Cu from recent drilling still unexplored.

“These new results, combined with geological modeling of the Cowley Park prospect have highlighted multiple new areas of exploration upside undercover away from the known mineralization. These areas are key targets for summer exploration programs,” said Gladiator Metals CEO, Jason Bontempo.

With a tight share structure of 40 million shares, 34% of which are owned by insiders, and a planned 25,000 meter drill program over the next 12 months, Gladiator Metals is strategically positioned to become a major player in the copper industry.

Visit this website or explore their corporate presentation to learn more about Gladiator Metals Corp. (TSXV:GLAD) (OTCQB:GDTRF) (FSE: ZX7).

Featured Image @ Pixabay

Disclosure:

1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies outlined in this Article. The author determined which companies would be included in this article based on research and understanding of the sector.

2) The Article was issued on behalf of and sponsored by, Gladiator Metals Corp. Market Jar Media Inc. was paid $1,500 USD for the production and publishing of this article by Gladiator Metals Corp.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Gladiator Metals Corp.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-glad. 

3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy.

4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional.  Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on PressReach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com

5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.

6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Gladiator Metals Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Gladiator Metals Corp.’s industry; (b) market opportunity; (c) Gladiator Metals Corp.’s business plans and strategies; (d) services that Gladiator Metals Corp. intends to offer; (e) Gladiator Metals Corp.’s milestone projections and targets; (f) Gladiator Metals Corp.’s expectations regarding receipt of approval for regulatory applications; (g) Gladiator Metals Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Gladiator Metals Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Gladiator Metals Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Gladiator Metals Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) the accuracy of budgeted costs and expenditures; (e) Gladiator Metals Corp.’s ability to attract and retain skilled personnel; (f) political and regulatory stability; (g) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (h) changes in applicable legislation; (i) stability in financial and capital markets; and (j) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Gladiator Metals Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Gladiator Metals Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Gladiator Metals Corp.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Gladiator Metals Corp.’s business operations (e) Gladiator Metals Corp. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, Gladiator Metals Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Gladiator Metals Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Gladiator Metals Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Gladiator Metals Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Gladiator Metals Corp. or such entities and are not necessarily indicative of future performance of Gladiator Metals Corp. or such entities.

8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation.

Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:

Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 LosAltos.com & California Media Partners, LLC. All rights reserved.