On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

Josemaria Resources Inc. (TSX: JOSE) (OTCQB: JOSMF) Set to Benefit as Industrial Demand for Copper Surges in Wake of Renewable Energy Demands

  • Josemaria Resource’s flagship copper-gold-silver mine is expected to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life
  • Copper is known for its varied industrial uses, particularly within renewable power generation sector
  • A single wind turbine is said to utilize up to 4.7 tonnes of copper, while each MW of solar power energy employs over 5.5 tonnes of copper during installation
  • Research suggests that global copper production will have to rise by 3-6% per annum over next ten years for countries to meet their targets under remits of Paris Agreement

Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a Canadian natural resources company, has recently published a NI 43-101 compliant feasibility study for its flagship project, the wholly owned Josemaria Project located in Argentina’s San Juan Province (https://ibn.fm/rcN78). The study revealed that the mine was anticipated to generate an average annual production of 136,000 tonnes of copper, 231,000 ounces of gold and 1,164,000 ounces of silver over its 19-year life span. These figures paint a bullish picture – the mine’s copper production alone would be equivalent to nearly 1% of annual global supply—but an analysis into the dynamics underpinning current copper prices presents an even rosier outlook. 

Copper is often said to be one of the most versatile metals, with uses varying from building tools to biology – in fact, humans are said to need 1.2 milligrams of copper daily to help enzymes transfer energy inside the body’s cells (https://ibn.fm/rNKeN). Most notably, due to its ductility and electrical and thermal conductivity, copper is most often utilized in the production of electrical conductors, switches, transformers and wiring (https://ibn.fm/lQw4g).  

The global shift toward the electrification movement can be best visualized in The Paris Agreement—a global climate accord which has attracted 194 countries and the European Union, altogether representing approximately 79% of global greenhouse gas emissions, with the intent of capping the global temperature rise this century (https://ibn.fm/ax2mT). In practice, the agreement has led to a surge in investment in electric vehicles and renewable energy sources, with China announcing on November 23, 2020 its plan to budget $910 million for renewable energy subsidies in 2021.

Copper has established itself as perhaps the most critical metal within the renewable energy complex. The generation of clean energy from solar and wind sources utilizes copper at a rate of four to six times greater relative to its usage within fossil fuel-powered electricity generation.

For instance, an average 3 megawatt (“MW”) wind turbine is said to contain up to 4.7 tons of copper, with 53% of that figure being used in the form of cable and wiring, 24% contained within the wind turbine and a further 19% within the turbine transformer (https://ibn.fm/J96aZ). Despite the industrial slowdown caused by the COVID-19 pandemic, global offshore wind investment touched a new high of $34.9 billion in the first half of 2020 – a figure which quadrupled the investment seen in the first half of 2019 and which sits well above the total for last year as a whole (https://ibn.fm/kptfC).  

Solar energy farms have also been avid users of the metal, with a study finding that each MW of solar power utilized an average 5.5 tons of copper in the form of heat exchangers, wiring and cabling. In fact, a study carried out from Navigant Research forecast that over 1.9 billion pounds of copper would be consumed between 2018 and 2027 in North America alone, to build an estimated 262 GW of planned solar installations (https://ibn.fm/Ck9fO).

Meanwhile, new energy vehicles are not far behind in copper consumption. Lithium ion batteries, which power everything from mobile handsets to Tesla vehicles, contain an estimated 440 pounds of copper per MW. With Deloitte recently suggesting that battery-powered electric vehicles would account for approximately 32 percent of the total market share for new car sales by 2030 (https://ibn.fm/gVOcW), the forecasted demand for copper is clearly set to increase exponentially in coming years. 

Copper has long been heralded for its close correlation to global economic growth – recent trends suggest it is also set to be a key beneficiary from the global shift towards renewable energy sources. With copper demand set to continue its stunning growth patterns in coming years – a study by Bernstein Research suggested that global copper production would have to rise by between 3 percent and 6 percent per annum to meet expected demand (https://ibn.fm/ESgB2) – Josemaria Resources may find that it is involved in the right metal, at exactly the right time.

For more information, visit the company’s website at www.JosemariaResources.com.

NOTE TO INVESTORS: The latest news and updates relating to JOSMF are available in the company’s newsroom at https://ibn.fm/JOSMF

About QualityStocks

QualityStocks is committed to connecting subscribers with companies that have huge potential to succeed in the short and long-term future. It is part of our mission statement to help the investment community discover emerging companies that offer excellent growth potential. We offer several ways for investors to learn more about investing in these companies as well as find and evaluate them.

QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
[email protected]

Please see full terms of use and disclaimers on the QualityStocks website applicable to all content provided by QS, wherever published or re-republished: http://www.qualitystocks.net/disclaimer.php

Archives

Select A Month
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • September 2008
  • August 2008
  • July 2008
  • June 2008
  • May 2008
  • April 2008
  • March 2008
  • February 2008
  • January 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007
  • August 2007
  • July 2007
  • June 2007
  • May 2007
  • April 2007
  • March 2007
  • February 2007
  • January 2007
  • December 2006
  • November 2006
  • October 2006
  • September 2006
  • August 2006
  • July 2006
  • June 2006
  • May 2006
  • April 2006
  • March 2006
  • January 2006
  • December 2005
  • October 2005
  • September 2005
  • Market Basics

    New to the micro-cap markets?Get answers to your questions about investing in Small-Cap / Micro-Cap Stocks and learn how to protect yourself.

    The Basics

    Newsletter Publishers

    Have an up and coming newsletter and want to be included in our coverage list? Looking to get more coverage and grow subscriptions? Register for coverage.

    Register

    Public Companies

    Are you a Small-Cap / Micro-Cap company looking for coverage? We'd love to hear from you. Fill out our quick contact form or send us a text.

    Get Covered