Close menu

November 24th, 2021 | 10:13 CET

Nordex, Kodiak Copper, Xiaomi - Long-term trend

  • Copper
Photo credits:

The current copper chart could have been copied from the textbook "Technical Analysis of Financial Markets" written by John J. Murphy. After a ten-year high at USD 10,720.15, the red metal corrected to the support zone at around USD 8,800. After several months of sideways movement, it is now heading north again. Once the USD 9,700 mark has been overcome, a new attempt to reach the five-digit range should only be a matter of time. Copper is in demand as never before and will remain so in the coming years.

time to read: 3 minutes | Author: Stefan Feulner

Table of contents:

    Kodiak Copper - Annual targets almost reached

    Smaller producers and exploration companies are increasingly affected by the correction in the base price, but their performance is also much higher when the overall market is rising. That can be clearly seen in the example of the highly interesting copper exploration company Kodiak Copper. Despite successful drilling programs, the consolidation after the all-time high at the equivalent of EUR 2.35 is still not complete. In the long term, the stock should have significant upside potential based on the value of its projects. The founder and chairman of Kodiak is Chris Taylor, known for his successful gold discoveries at Great Bear Resources.

    The Discovery Group company owns 100% of the Mohave copper-molybdenum-silver porphyry project in Arizona in the United States, not far from the world-class Baghdad Mine. In the highly prospective MPD, it has an ace up its sleeve, a 14,716 ha copper-gold porphyry project. MPD is located in the Quesnel Trough in south-central British Columbia, Canada, where Kodiak Copper has already discovered high-grade mineralization within a broad mineralized envelope. That high-grade discoveries in the area are no coincidence is shown by the fact that the producing mines of Copper Mountain, Highland Valley and New Afton are located in the immediate vicinity.

    At the moment, about 22,000m have been drilled with two rigs; up to 25,000m could be drilled this year. This involved the extension of the prospective gate zone. Excellent results have already been achieved by extending the strike length by more than seven times to 950m in a north-south direction and an intersection of significant copper-gold mineralization with a thickness of 350m in an east-west direction down to a depth of 800m. Recently, impressive results were again reported from the Gate Zone.

    In 9 drill holes, further insights into the mineralization of the porphyry target in the center of the zone were obtained. In addition, its margin also extended the zone to the south and west. Also important in the results was that the Gate zone remains open. Drilling at Gate identified strongly mineralized porphyry alteration patterns, sulphide zones, and structural controls of low-grade envelopes surrounding high-grade areas. Gate's successful approach is now expected to be applied again in the Dillard zone. A major 25,000m drill program is planned for 2022. Currently, Kodiak Copper had to stop the action at short notice due to flooding and roadblocks.

    Xiaomi - Disappointment in the figures

    The share of the Chinese technology group Xiaomi is also being severely shaken at the moment. After announcing the figures for the third quarter, the share sank more than 4% to EUR 2.30. Thus, there is a risk of further declining prices if the low for the year at EUR 2.22, which is not far away, is breached again on a sustained basis.

    With revenues of EUR 10.83 billion, the group, which has risen to become the world's number two smartphone manufacturer, missed analysts' estimates. In addition, the profit declined by 84% to now EUR 109.54 million due to changed valuations of companies.

    Smartphone sales, which rose marginally by only 0.5% to EUR 6.61 billion, were disappointing, while shipments fell by 5.8% to 43.9 million units. According to the Company, the main reason for this was global supply bottlenecks for key components.

    Nordex - Caution order

    After the disappointing third-quarter figures, the Hamburg-based wind turbine manufacturer is working to fill its order books again. Although Nordex is to deliver 11 wind turbines of 44 MW to RWE Renewables, including a 5-year maintenance contract, the stock is down 2%. The N149/4.X turbines of the Delta4000 series are to be installed at the "Nouvions" wind farm in the Departement Aisne.

    "We are delighted that our long-standing customer RWE has helped us win our first order for Delta4000 series turbines in France," said Patxi Landa, COO Sales and Marketing at Nordex Group. "Nouvions will be one of the largest wind farms with Nordex turbines in the country in the process, with nearly 44 MW."

    Copper is expected to continue its upward trend due to high demand from the renewable energy sector. Promising exploration companies such as Kodiak Copper should benefit thereafter. Xiaomi and Nordex, on the other hand, should let the storm pass for the time being.

    Conflict of interest

    Pursuant to §85 of the German Securities Trading Act (WpHG), we point out that Apaton Finance GmbH as well as partners, authors or employees of Apaton Finance GmbH (hereinafter referred to as "Relevant Persons") may in the future hold shares or other financial instruments of the mentioned companies or will bet on rising or falling on rising or falling prices and therefore a conflict of interest may arise in the future. conflict of interest may arise in the future. The Relevant Persons reserve the shares or other financial instruments of the company at any time (hereinafter referred to as the company at any time (hereinafter referred to as a "Transaction"). "Transaction"). Transactions may under certain circumstances influence the respective price of the shares or other financial instruments of the of the Company.

    Furthermore, Apaton Finance GmbH reserves the right to enter into future relationships with the company or with third parties in relation to reports on the company. with regard to reports on the company, which are published within the scope of the Apaton Finance GmbH as well as in the social media, on partner sites or in e-mails, on partner sites or in e-mails. The above references to existing conflicts of interest apply apply to all types and forms of publication used by Apaton Finance GmbH uses for publications on companies.

    Risk notice

    Apaton Finance GmbH offers editors, agencies and companies the opportunity to publish commentaries, interviews, summaries, news and etc. on These contents serve information for readers and does not constitute a call to action or recommendations, neither explicitly nor implicitly. implicitly, they are to be understood as an assurance of possible price be understood. The contents do not replace individual professional investment advice and do not constitute an offer to sell the share(s) offer to sell the share(s) or other financial instrument(s) in question, nor is it an nor an invitation to buy or sell such.

    The content is expressly not a financial analysis, but rather financial analysis, but rather journalistic or advertising texts. Readers or users who make investment decisions or carry out transactions on the basis decisions or transactions on the basis of the information provided here act completely at their own risk. There is no contractual relationship between between Apaton Finance GmbH and its readers or the users of its offers. users of its offers, as our information only refers to the company and not to the company, but not to the investment decision of the reader or user. or user.

    The acquisition of financial instruments entails high risks that can lead to the total loss of the capital invested. The information published by Apaton Finance GmbH and its authors are based on careful research on careful research, nevertheless no liability for financial losses financial losses or a content guarantee for topicality, correctness, adequacy and completeness of the contents offered here. contents offered here. Please also note our Terms of use.

    Der Autor

    Stefan Feulner

    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.

    About the author

    Related comments:

    Commented by Stefan Feulner on June 2nd, 2023 | 08:00 CEST

    ThyssenKrupp, Orestone Mining, Nevada Copper - Optimistic about the future

    • Mining
    • Copper
    • Gold
    • Silver

    Overall, copper is an indispensable part of the green transformation due to its excellent electrical conductivity, corrosion resistance and reliability. It enables the efficient use of renewable energies, promotes electromobility and supports sustainable infrastructure development. Due to recession fears, the base price corrected strongly in recent months. In the long term, copper should make a renewed attempt to reach new highs due to high demand and too little supply.


    Commented by Armin Schulz on May 30th, 2023 | 10:00 CEST

    Barrick Gold, Desert Gold, Deutsche Bank - What happens after the US debt ceiling is lifted?

    • Mining
    • Gold
    • Copper
    • Banking
    • Investments

    In the US, the Democrats and Republicans have agreed on a compromise in the debt dispute. This means that the US can take out more loans, which will ultimately result in an increasing money supply. This could further fuel inflation, while on the other hand, it could boost the gold price. In recent months, the gold price has soared due to the turbulence in the banking sector and was able to mark a new high. Nevertheless, this is remarkable because the FED had raised interest rates significantly, which would typically have tended to argue for a falling gold price. If interest rates do not rise further or even fall, this would be another positive signal for gold. We, therefore, look at 2 gold companies and analyze Deutsche Bank.


    Commented by Nico Popp on May 17th, 2023 | 08:10 CEST

    Heat pump madness and grid expansion: Vonovia, JinkoSolar, Grid Metals

    • Mining
    • Commodities
    • Lithium
    • Copper
    • Nickel
    • renewableenergies
    • Energy

    A few weeks ago, Federal Economy Minister Habeck and Saxony-Anhalt Prime Minister Haseloff broke ground for the "SuedOstLink" converter. From 2027, wind energy will flow over the route to Bavaria for the first time. But the north-south connection is only part of the solution. Experts are sounding the alarm and consider massive investments in "the last mile" to be necessary. We take a look at what lies ahead and which companies could benefit.