August 16th, 2022 | 07:08 CEST
Kodiak Copper CEO Claudia Tornquist: The long-term picture for copper remains extremely strong
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"[...] 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
Born and raised in Hannover, Lower Saxony follows social and economic developments around the globe. As a passionate entrepreneur and columnist he explains and compares the most diverse business models as well as markets for interested stock traders.
What is your view on the current global copper market and what advice do you have for investors?
‘At this time there is a lot of uncertainty around the global economy with concerns about recession, cost inflation, supply chain disruptions and more. This uncertainty weighs on copper prices and we have seen a reversal of sentiment in the market. Speculative investors have gone risk-off, even though the physical copper market remains robust, producers are reporting strong demand from customers and inventories remain at historical lows. If the sentiment turns, we could see the market rebound quickly.
The long-term picture for copper remains extremely strong: big demand for the red metal driven by the green revolution, and very little supply to meet this demand. 85% of the world economy is now on a net-zero carbon goal and a lot of copper will be required to build the electric vehicles, wind and solar systems and transmission infrastructure to meet these targets. There are currently not enough new copper projects being developed to meet even modest growth forecasts and more copper discoveries are needed.
That’s exactly the business Kodiak Copper is in, we made the Gate Zone copper porphyry discovery at our MPD project in Southern British Columbia, which is located in an established mining district with excellent infrastructure. The company is backed by a strong team led by founder and chairman Chris Taylor of Great Bear fame. Kodiak is currently executing a large, fully-funded 25,000 metre drill program and is well placed to generate shareholder value by expanding the Gate Zone which remains open in multiple directions plus testing multiple additional targets with similar discovery potential.’
Claudia Tornquist, CEO, Kodiak Copper Corp.
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