Influences on the commodity markets 2023

Europe is an industrial location and is therefore dependent on the development of energy prices. The biggest metal consumer is China. As China is helping the ailing real estate market, i.e. state infrastructure projects are being pushed, demand for industrial metals should be strong or recover compared with 2022. Another important aspect that should fuel the consumption of metals is the desired reduction of fossil fuels.

China is expanding its power grid, as well as renewable energy plants. Copper consumption in particular should benefit from this, as it is an essential metal for the energy transition. Only a more or less global recession could slow down the triumphal march of industrial metals and copper in particular. One of the largest copper mines in the world, the Grasberg mine, will probably not be ready for production until the end of the month due to flooding. That could result in the loss of nearly five million pounds of copper concentrate per day.

Another metal that is currently making a name for itself is tin. If the economy picks up again, as is now assumed in China, then solder, and therefore tin, will be in greater demand again. It is used in electric vehicles and solar modules. Indonesia is an important tin supplier. The country is currently considering export quotas or export bans. This would make tin significantly more expensive, as Indonesia supplies almost 35 percent of global tin exports. It could be worthwhile to invest in tin companies such as Tin One Resources or First Tin.

Tin One Resources' - https://www.commodity-tv.com/play/mining-newsflash-with-with-victoria-gold-gold-terra-tinone-resources-canada-nickel-labrador-uranium-and-mag-silver/ - projects are already advanced and located in Tasmania and mainland Australia.

First Tin - https://www.commodity-tv.com/play/first-tin-feasibility-study-permitting-and-further-drilling-full-on-track-for-both-projects/ - is also on the road in Australia, moreover in Germany in terms of tin.

Corporate information and press releases from First Tin (- https://www.resource-capital.ch/en/companies/first-tin-plc/ -).

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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