Copper prices just fell because of China’s strong industrial output despite the weakness in their property sector. The situation is still volatile but I am planning to buy copper stocks because of the dip knowing that the demand for copper will just keep on increasing.
I have already placed some in Southern Copper Corporation (SCCO) since they are paying a dividend of $2.70 per share. I’m thinking of placing in Fortitude Gold, since they’re also paying a dividend which they just increased recently.
I’m also into getting some juniors seeing how these companies might have some future once the demand for copper increases even more. I’m thinking of getting Copper Mountain Mining (CMMC), since they are already producing approximately 100 million pounds of copper equivalent. Three Valley Copper (TVC) is also promising especially after their upsize with a recent deal financing up to $16 million. Their second quarter results are also remarkable and they are expected to start annual production by the end of next year.
The copper demand is rising and will probably increase and even double in the next few years so I’m taking my chance on this metal. I didn’t put much anyways since I’m making sure I only invest the money I know I might lose in the end.
Submitted November 19, 2021 at 07:13AM by KatheKnuth https://ift.tt/3CrDlD2
