November 2nd, 2021 | 10:19 CET
Daimler, GSP Resource, Ballard Power - Far-reaching consequences
Table of contents:
"[...] If we pursue our goals conscientiously, the market will adjust its valuation accordingly, I am sure. Often, all it takes is a trigger. [...]" Ryan McDermott, CEO, Phoenix Copper
The native Franconian has more than 20 years of stock exchange experience and a broadly diversified network.
He is passionate about analyzing a wide variety of business models and investigating new trends.
It is getting warmer
The effects of climate change are enormous. Sea levels are rising, ice on glaciers is melting. Extreme weather events and increasing precipitation are becoming more frequent in one place, while other regions of the world are experiencing more heatwaves and droughts. Humanity is in the midst of a climate crisis that can no longer be ended, only contained. One key is to reduce greenhouse gases, rising steadily since the beginning of industrialization due to increased emissions from the burning of fossil fuels. More than half of anthropogenic or human-induced climate change is due to CO2 emissions. The concentration of CO2 in the atmosphere today is about 40% higher than it was at the beginning of the 19th century.
The goal of decarbonization
Decarbonization, i.e. the switch from fossil fuels to renewable energies, is intended to significantly reduce the global rise in temperature and human-induced CO2 emissions. In this context, automakers such as Daimler must contribute, along with other sectors of the economy. According to the Intergovernmental Panel on Climate Change (IPCC), the transportation sector accounts for around 14% of global greenhouse gas emissions - and the trend is rising. So it is up to the automakers. Broken down to the electric car sector, however, there is an increased need for metals in the changeover. Copper, in particular, is becoming the key metal for the energy transition due to its properties.
GSP Resource with the best prerequisites
Because the copper price was relatively weak before the decision to switch to renewable energy sources in the last decade and new projects were not very lucrative for investors, there is already a supply deficit today. Due to the increasing demand from the electric mobility industry and the wind power and photovoltaic sectors, the red metal is increasingly becoming a scarce commodity.
GSP Resource is a positive exception and secured access to two promising projects in the province of British Columbia in the recent past. The Canadians can acquire the entire Alwin Mine, a historically high-grade mine operated in the beginning of the 20th century. Most promising is that the copper-gold-silver concession area is located directly next to the Highland Valley mine of copper producer Teck Resources, which is considered the most effective copper mine despite a much lower grade of 0.5% copper ore. The historic Alwin underground mine, developed over a length of 500m, a depth of 300m and a width of 200m, produced 233,100t from five major zones from 1916 to 1981, from which 3,786t of copper, 2,729kg of silver and 46.2kg of gold were recovered. The average diluted head grade was 1.5% copper.
Here, the fall 2021 drilling campaign has commenced. The drilling program of approximately 1,000m is designed to further test the potential for large tonnages north of the Alwin deposit with three diamond drill holes drilled north of the historic deposit. The current drilling follows on from the summer program of five holes, totaling 1,439m and tested the potential for large tonnages of copper in the unmined mineralization within and surrounding the historic Alwin Mine.
In addition to the Alwin mine, similar high potentials exist at the Olivine Mountain project in the Interior Plateau area of south-central British Columbia. Again, in addition to Copper Mountain's copper mine, Westhaven Ventures' Shovelnose project and Kodiak Copper's MPD project are nearby. From a geographic perspective, the conditions for positive development are excellent. GSP Resource is still at the beginning of its story with a stock market value of EUR 2.59 million. If the copper price continues to rise, investors should still have a lot to look forward to.
Ballard with strategic partnership
The Canadian company is considered a pioneer in fuel cell development and produces proton exchange membrane fuel cells used to power buses, trucks, trains, ships and forklifts. To develop fully integrated fuel cell and battery solutions optimized for performance, cost and installation for heavy hydrogen mobility applications, a far-reaching collaboration with French battery system provider Forsee Power was recently announced.
In addition to the letter of intent, Ballard is committed to participating as lead investor in the French company's planned IPO with up to EUR 40 million. From a technical perspective, Ballard's stock has strong momentum at the moment. A breakout above the USD 19.31 mark would complete the last consolidation formation.
With the climate conference in Glasgow, much is expected to be done to curb global warming further. The switch to renewable energy sources is already a done deal. Because of this, there is an increased demand for copper, and GSP Resource has options on two promising projects. The chart of Ballard Power currently also looks encouraging.
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