Slowing U.S. growth, rising oil prices and war risks are shaking markets. Here are key long-term ETF ideas to navigate volatility and build resilient portfolios.
C3 Metals Inc said on Monday that new geochronology results from its Khaleesi copper project in southern Peru show the mineralization formed about 35.8 million years ago, placing it within the same age range as several major copper deposits in the Andahuaylas-Yauri belt. The exploration company said the age-dating program suggests the Khaleesi system developed during a key mineralizing period for porphyry and skarn deposits in the region, which typically formed between about 40 million and 30 million years ago.
CPER is up roughly 28% over the past year, outpacing the S&P 500's 15.5% gain over the same period, and the structural forces behind that move are only getting louder.
C3 Metals Inc (TSX-V:CCCM, OTC:CUAUF) said it has intersected copper mineralization in all 12 drill holes completed to date at its wholly owned Khaleesi project in southern Peru, as the junior explorer ramps up drilling at the greenfield prospect. The company has drilled 6,300 metres across a 1,000-by-500 metre footprint at the Khaleesi copper project, marking the first-ever drill campaign on the property.
Citi leans bullish despite acknowledging price direction remains uncertain, citing multiple tailwinds converging in coming months. Copper could reach $14,000 per tonne within three months, driven by Chinese supply-chain restocking after Lunar New Year holidays and continued dip-buying from investors, according to Citi's latest commodities note.
When Ukrainian drone strikes hit Russia's Astrakhan gas processing plant last September, copper smelters in China were handed a windfall.
Shares in Phoenix Copper Ltd (AIM:PXC, OTCQX:PXCLF, FRA:5HR) fell 45% to 1.1p after the US-focused base and precious metals producer said it had suspended its executive chairman and chief financial officer with immediate effect. In a stock exchange statement, Phoenix said chair Marcus Edwards-Jones and CFO and company secretary Richard Wilkins were subject to the suspension.
There are plenty of markets on the precipice of moving early on Monday, and with this, I am looking at a wide array of assets.
Citi warned of growing risks in commodities markets, as copper prices surged this week despite what analysts see as weak fundamentals, while oil and gold markets reacted to heightened tension in the Middle East. In a note first published on Thursday, Tom Mulqueen, Citi's head of metals research, said copper could rise as high as $15,000-$16,000/t in the coming weeks, driven by Chinese investor flows following precious metals momentum and dollar weakness.
C3 Metals Inc (TSX-V:CCCM, OTC:CUAUF) earlier this week reported promising high-grade drill results from the second hole at its greenfield Khaleesi project, pointing to significant mineralization potential and structural complexity within the target area. CEO Dan Symons said the hole returned a 51-metre intercept grading 0.5% copper and 0.31 g/t gold, equating to a copper equivalent of 0.86%.
TNR Gold Corp (TSX-V:TNR, FRA:TNW, OTC:TRRXF) is on the cusp of becoming a revenue-generating royalty company, according to a new report from Fundamental Research, with analysts citing rising lithium and copper prices as key drivers for near-term earnings. The company, which focuses on royalties from projects operated by other mining firms, has seen its shares surge 240% year-over-year, significantly outperforming the BetaShares mining royalty ETF, up just 17% over the same period.
FOX Business' Max Gorden reports on the surge in copper theft as prices for the metal rise on 'The Claman Countdown.' #copper #metaltheft #commodities #copperprices #economiccrime #inflation #industrialmetals #markettrends