LME Week 2024: Copper Highlighted as 'Top Prospect'
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) provides an industry update following London Metal Exchange (LME) Week 2024. The event focused on ESG, the green transition, and sustainability in the metals industry. Copper was voted as the 'top prospect' for base metals, receiving 46% of the vote at the LME Metals Seminar.
Copper prices reached record highs of over $11,100 per tonne in May 2024. Analysts predict a significant deficit in long-term copper supply, with demand expected to rise due to the transition to greener energies. Morgan Stanley analyst Amy Gower noted an 'impending lack of supply' due to insufficient capex in copper.
Los Andes Copper's Vizcachitas Project in Chile is positioned to help address this supply gap. Eduardo Covarrubias, Chairman of Los Andes, emphasized the importance of copper in meeting net zero goals and the company's role in providing a sustainable supply.
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) fornisce un aggiornamento sul settore dopo la London Metal Exchange (LME) Week 2024. L'evento si è concentrato su ESG, la transizione verde e la sostenibilità nell'industria dei metalli. Il rame è stato votato come il 'miglior prospetto' per i metalli di base, ricevendo il 46% dei voti al LME Metals Seminar.
I prezzi del rame hanno raggiunto livelli record di oltre $11.100 per tonnellata a maggio 2024. Gli analisti prevedono un significativo deficit nell'offerta di rame a lungo termine, con una domanda prevista in aumento a causa della transizione verso energie più ecologiche. L'analista di Morgan Stanley Amy Gower ha notato una 'mancanza imminente di offerta' a causa di investimenti in capitale insufficiente nel rame.
Il Progetto Vizcachitas di Los Andes Copper in Cile è posizionato per aiutare a colmare questa lacuna di offerta. Eduardo Covarrubias, presidente di Los Andes, ha sottolineato l'importanza del rame nel raggiungimento degli obiettivi di zero emissioni nette e il ruolo dell'azienda nel fornire un'offerta sostenibile.
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) proporciona una actualización de la industria tras la London Metal Exchange (LME) Week 2024. El evento se centró en ESG, la transición verde y la sostenibilidad en la industria de los metales. El cobre fue votado como el 'mejor prospecto' para metales básicos, recibiendo el 46% de los votos en el LME Metals Seminar.
Los precios del cobre alcanzaron niveles récord de más de $11,100 por tonelada en mayo de 2024. Los analistas predicen un déficit significativo a largo plazo en la oferta de cobre, con una demanda que se espera que aumente debido a la transición hacia energías más limpias. La analista de Morgan Stanley, Amy Gower, señaló una 'inminente falta de suministro' debido a la insuficiente inversión de capital en cobre.
El Proyecto Vizcachitas de Los Andes Copper en Chile está posicionado para ayudar a abordar esta brecha de suministro. Eduardo Covarrubias, presidente de Los Andes, enfatizó la importancia del cobre en el cumplimiento de los objetivos de cero emisiones netas y el papel de la empresa en proporcionar un suministro sostenible.
로스 안데스 구리(TSXV: LA) (OTCQX: LSANF)는 2024년 런던 금속 거래소(LME) 주간 이후 산업 업데이트를 제공합니다. 이번 행사에서는 금속 산업의 ESG, 녹색 전환, 지속 가능성에 초점이 맞춰졌습니다. 구리는 기초 금속 중 '최고의 전망'으로 투표되어 LME 금속 세미나에서 46%의 투표를 받았습니다.
구리 가격은 2024년 5월 톤당 $11,100을 초과하는 기록적인 수준에 도달했습니다. 분석가들은 장기적으로 구리 공급이 상당한 적자를 겪을 것으로 예상하며, 청정 에너지로의 전환으로 인해 수요가 증가할 것으로 전망하고 있습니다. 모건 스탠리의 분석가 에이미 고워는 구리 자본 지출 부족으로 인한 '임박한 공급 부족'에 대해 언급했습니다.
칠레의 로스 안데스 구리의 비즈카히타스 프로젝트는 이 공급 부족 문제를 해결하는 데 도움을 줄 위치에 있습니다. 로스 안데스의 의장인 에두아르도 코바루비아스는 순 배출 제로 목표를 달성하는 데 있어 구리의 중요성과 지속 가능한 공급을 제공하는 회사의 역할을 강조했습니다.
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) fournit une mise à jour du secteur après la London Metal Exchange (LME) Week 2024. L'événement s'est concentré sur ESG, la transition écologique et la durabilité dans l'industrie des métaux. Le cuivre a été voté comme le 'meilleur prospect' pour les métaux de base, recevant 46% des voix lors du séminaire LME Metals.
Les prix du cuivre ont atteint des niveaux record de plus de 11 100 $ par tonne en mai 2024. Les analystes prédisent un déficit significatif à long terme de l'offre de cuivre, la demande étant censée augmenter en raison de la transition vers des énergies plus vertes. L'analyste de Morgan Stanley, Amy Gower, a noté une 'pénurie imminente de l'offre' en raison d'une insuffisance d'investissement en capital dans le cuivre.
Le projet Vizcachitas de Los Andes Copper au Chili est positionné pour aider à combler cette lacune d'approvisionnement. Eduardo Covarrubias, président de Los Andes, a souligné l'importance du cuivre pour atteindre les objectifs de zéro émission nette et le rôle de l'entreprise dans la fourniture d'une offre durable.
Los Andes Copper (TSXV: LA) (OTCQX: LSANF) liefert ein Branchenupdate nach der London Metal Exchange (LME) Week 2024. Die Veranstaltung konzentrierte sich auf ESG, die grüne Transformation und Nachhaltigkeit in der Metallindustrie. Kupfer wurde als 'bester Kandidat' für Basismetalle gewählt und erhielt 46% der Stimmen beim LME Metals Seminar.
Die Kupferpreise erreichten im Mai 2024 Rekordhöhen von über 11.100 $ pro Tonne. Analysten prognostizieren einen erheblichen langfristigen Angebotsmangel bei Kupfer, da die Nachfrage aufgrund des Übergangs zu umweltfreundlicheren Energien steigen soll. Morgan Stanley Analystin Amy Gower merkte an, dass es eine 'bevorstehende Angebotsknappheit' aufgrund unzureichender Investitionen in das Kupfergeschäft gibt.
Das Vizcachitas-Projekt von Los Andes Copper in Chile ist darauf ausgelegt, diese Angebotslücke zu schließen. Eduardo Covarrubias, Vorsitzender von Los Andes, betonte die Bedeutung von Kupfer für das Erreichen der Netto-Null-Ziele und die Rolle des Unternehmens, ein nachhaltiges Angebot bereitzustellen.
- Copper voted as 'top prospect' for base metals at LME Week 2024
- Copper prices reached record highs of over $11,100 per tonne in May 2024
- Analysts predict significant deficit in long-term copper supply
- Los Andes Copper's Vizcachitas Project positioned to address copper supply gap
- Insufficient capex in copper sector noted by analysts
Vancouver, British Columbia--(Newsfile Corp. - October 15, 2024) - Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company") is pleased to provide an industry update following London Metal Exchange ("LME") Week.
The annual gathering of the global metals community in London featured representatives from across the supply chain including company executives, government officials, traders and financiers, with discussions centring around current market trends and outlooks for the year ahead.
ESG and the green transition featured heavily on the agenda at LME Week 2024. Experts spoke of the need for the industry to take the initiative on sustainability, with the London Metals Exchange stating at the beginning of the week that it is working with various organisations, including producers, to increase the sustainability credentials of the metals traded in its system.
Copper was the central focus of many sector discussions and was once again voted as the 'top prospect' for base metals in a poll at the LME Metals Seminar. Following analyst presentations on the six base metals traded on the LME, attendees were asked to vote on which one is likely to have the most upside in 2024. Copper received
Copper prices have been strong in 2024, reaching record highs of over
Los Andes Copper wholly owns the Vizcachitas Project in Chile, one of the largest advanced copper deposits in the world which can contribute to plugging this supply gap, helping to deliver global transition efforts.
Eduardo Covarrubias, Chairman of Los Andes, commented: "It was pleasing to see industry experts reiterate their confidence in copper at LME Week 2024. The sector is in agreement that a sustainable supply of copper is essential to meet net zero goals, and the Vizcachitas Project is set to be part of the solution as one of the largest development stage copper projects in the world.
"I was encouraged by the conversations I shared with various stakeholders throughout the week that echoed our view that investment in the development of copper projects is vital to meeting these targets."
About Los Andes Copper Ltd.
Los Andes Copper Ltd. is an exploration and development company with an
The Project is a copper-molybdenum porphyry deposit, located 150 kilometers north of Santiago, in an area of very good infrastructure. An independent technical report for the PFS, prepared in accordance with NI 43-101, is available on the Company's SEDAR profile.
Los Andes Copper Ltd. is listed on the TSX-V under the ticker: LA.
For more information please contact:
Santiago Montt, CEO
santiago.montt@losandescopper.com
Tel: +56 2 2954-0450
Elizabeth Johnson, Investor Relations
Elizabeth.johnson@losandescopper.com
E-Mail: info@losandescopper.com or visit our website at: www.losandescopper.com
Follow us on X: @LosAndesCopper
Follow us on LinkedIn: Los Andes Copper Ltd
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/226654
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