Raw materials under the ice

Shipping routes and mineral resources are coveted commodities. Many deposits have not yet been explored, and the financial outlay is high. But the global demand for raw materials is great and there are not only considerable deposits of oil and gas. Glaciers and sea ice are melting away and the potential yield of raw materials is getting closer. The raw materials belong to the eight neighboring countries: Denmark (Greenland), Norway, Russia, USA, Canada, Finland, Iceland and Sweden. The latter three are not directly bordering states but are very close and therefore part of the Arctic Council. This consists of 13 states in total. The North Pole is claimed by Denmark, Canada and Russia. China, which is a member of the Arctic Council, wants to become a "great Arctic power".

The Arctic is warming four times as fast as the rest of the world. In addition to oil and gas, metals such as copper, iron, lead and zinc, even gold, rare earths, platinum group metals and precious stones are also hidden in the Arctic. Copper is mostly mined in Chile, Peru or China. Copper is generally expected to be in short supply in the long term, as the energy transition will require the reddish metal. And just as the global economy is recovering, demand for copper is also increasing. In China, an important copper consumer, the latest economic figures show robust figures. Industrial production grew by 5.8% in May compared to May of the previous year.

As many industrial applications require copper, such as electromobility, wind and solar energy and storage batteries, companies with copper should be in a good position. Arizona Sonoran Copper and Meridian Mining are focusing on Arizona and Brazil respectively. The Arctic can still wait. 

Arizona Sonoran Copper - https://www.commodity-tv.com/ondemand/companies/profil/arizona-sonoran-copper-company-inc/ - has two projects, and an updated mineral resource estimate is in progress.

Meridian Mining - https://www.commodity-tv.com/ondemand/companies/profil/meridian-mining-uk-societas/ - is pleased to report very good drilling results from its Cabaçal project.

Current company information and press releases from Arizona Sonoran Copper Company (- https://www.resource-capital.ch/en/companies/arizona-sonoran-copper-company-inc/ -) and Meridian Mining (-https://www.resource-capital.ch/en/companies/meridian-mining-uk-societas/ -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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