Five Copper Stocks to Own with Massive Supply Shortages

There’s just not enough copper in the world. Worse, current shortages could last well into 2030. In fact, according to CNBC, “The world is currently facing a global copper shortage, fueled by increasingly challenging supply streams in South America and higher demand pressures. The reopening of China and growth in the automotive and energy transition industry have stoked demand for the red metal, putting further strain on copper resources.” One of the chief concerns with these shortages is that it could put the brakes on the green energy story, especially with electric vehicles. After all, charging infrastructure and electrification is copper intensive. That being said, investors should keep an eye on copper stocks, such as Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), BHP Group (NYSE: BHP), Freeport-McMoRan (NYSE: FCX), Southern Copper (NYSE: SCCO), and Rio Tinto (NYSE: RIO).

Look at Infinity Stone Ventures Corp. (CSE: GEMS) (OTC: GEMSF), For Example

Infinity Stone Ventures Corp. has received results from its airborne UAV magnetic survey on its Zen-Whoberi Project located north of Mont Laurier, Quebec. The survey covered over 570 line-km with detailed line spacing of 100 metres, with 25-metre spacing over and around the geochemical soil sampling grid completed by the Company during Summer 2022 (announced on August 12, 2022), in the northeastern part of the Property. Based upon the results of the survey, the Company has expanded the Zen-Whoberi Project by staking an additional 15 claims, 3 of which are still pending application. The currently granted claims total 706 hectares, bringing the total property size to 4,561 hectares, in addition to the 3 pending claims.

The UAV airborne magnetic survey identified several new anomalous zones coincident with soil sampling anomalies, as well as several parallel ENE-WSW-trending structures at the newly expanded and previously unexplored northern part of the Property.

“With the completion and interpretation of the results at the Zen-Whoberi Project we are excited to have identified multiple news zones of interest, alongside confirmation of magnetic anomalies within our focus zone, where we have previously conducted a soil sampling grid”, said Zayn Kalyan, CEO of Infinity Stone. “The results of the program have warranted expansion of the project and we are looking forward to the next step of the exploration, including a targeted diamond drill program in the coming months. We are also looking for potential joint venture partners for the project, as a part of Infinity Stone’s project generation model”, furthered Mr. Kalyan. “Copper is critical in fueling the energy transition and meeting the stated goals of international governments moving towards combatting climate change. It is often quoted that we will need to mine more copper in the next 30 years to meet climate goals than has been mined in human history (2). While there has been volatility in the price of copper over the immediate short-term, we are projecting that given current macro-economic trends, demand and price for copper will increase over the next 12-24 months”, concluded Mr. Kalyan.

Other related developments from around the markets include:

BHP Group just “announced a strong first half dividend of 90 US cents per share, on the back of solid operating performance. During the half, we delivered well on the production front, with Western Australia Iron Ore posting another record half. BHP remains the lowest cost major iron ore producer globally. We continued to make strong progress on executing our strategy, including the development of growth options. Significant wet weather in our coal assets impacted production and unit costs, as did challenges in securing sufficient labour. Inventory movements during the half contributed to costs, including the planned draw-down at Olympic Dam after inventory built up during the smelter refurbishment last year. We expect these factors to abate in the second half and for unit costs to fall, in line with revised guidance.”

Freeport-McMoRan announced that its Board of Directors declared cash dividends of $0.15 per share on FCX’s common stock payable on February 1, 2023, to shareholders of record as of January 13, 2023. The declaration includes a base dividend of $0.075 per share and variable dividend of $0.075 per share in accordance with FCX’s performance-based payout framework. The payment of dividends is at the discretion of the Board, which will consider FCX’s financial results, cash requirements, global economic conditions and other factors it deems relevant.

Southern Copper recently noted 4Q22 net sales were $2,820.3 million, in line with 4Q21 net sales. Sales volumes increased for copper (+2.1%), silver (+6.4%) and zinc (+38.2%) and decreased for Molybdenum (-15.7%). While molybdenum price rose 14.2% during the quarter, prices dropped for copper (-17.5%), silver (-11.1%) and zinc (-9.0 %), offsetting the positive impact of higher sales volumes. In 2022, net sales decreased 8.1% compared to the figure in 2021. This result was driven by a decrease in the sales volume for copper (-6.5%), silver (-1.9%) and molybdenum (-13.4%). The sales volume for zinc increased 10.5% and its price was up 16.2%. Metal prices for molybdenum also increased 20% when compared with 2021, while metal prices decreased for copper (-5.4%) and silver (-13.6%). Net income in 4Q22 was $902.4 million, which represented a 8.3% increase with regard to the $833.0 million registered in 4Q21. The net income margin in 4Q22 was 32.0%, versus 29.5% in 4Q21. 2022 net income was $2,638.5 million, 22.3% lower than in 2021.

Rio Tinto Chief Executive Jakob Stausholm said: “We are building a stronger Rio Tinto and delivering against our four objectives. Our operational performance has improved, as evidenced by a number of second half records being set at our Pilbara iron ore mine and rail system. We are also investing for the future, doubling our stake in the Oyu Tolgoi copper-gold project in Mongolia through the acquisition of Turquoise Hill Resources, progressing the Rincon Lithium Project in Argentina and reaching milestone agreements that underpin the long-term success of our Pilbara iron ore business. We continue to focus on making lasting change to strengthen our workplace culture and to building better relationships with Indigenous peoples, communities and other partners. At all times we will seek to find better ways, in line with our purpose. We clearly have more to do but I am encouraged by the progress we are making.”

Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Infinity Stone Ventures Corp. by Infinity Stone Ventures Corp. We own ZERO shares of Infinity Stone Ventures Corp. Please click here for full disclaimer.

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Ty Hoffer
Winning Media
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