Copper Flying on New China Stimulus Measures and US Fed Rate Cut – 7 Copper Companies Set to Benefit

One of the greatest opportunities in the Global energy transition lies in addressing the World’s ongoing copper shortage, which is set to intensify as demand for this critical metal soars. The International Energy Agency (IEA) projects that existing mines and those currently under construction will only meet 80% of the world’s copper needs by 2030, creating a golden window for new players in the market. Given that developing a copper mine takes 23 years, the urgency for new ventures has never been greater. With Latin American powerhouses Chile and Peru – the world’s top copper producers – facing sociopolitical challenges, the industry is ripe for new domestic supply of the critical metal. Visionary investors like hedge fund manager Pierre Andurand foresee copper prices skyrocketing to $40,000 per tonne, while Jeff Currie, Chief Strategy Officer at The Carlyle Group and former Global Head of Commodities Research at Goldman Sachs, has declared that copper is the new oil and the best trade he has seen in his career. This perfect storm of rising demand and tightening supply is fueling calls to ramp up domestic copper mining, offering unprecedented opportunities for forward-thinking investors along with mineral explorers, developers and producers such as: Friedland’s Ivanhoe Electric (TSX:IE.TO) and Ivanhoe Mines (TSX:IVN.TO), Freeport-McMoRan Inc. (NYSE:FCX), Rio Tinto Group (NYSE:RIO), BHP Group Limited (NYSE:BHP), Lundin Mining Corporation (TSX:LUN.TO) (OTCPK:LUNMF) and Giant Mining Corp. (CNSX:BFG.CN) (OTCPK:BFGFF) currently developing the Majuba Hill Copper-Silver Deposit in the number one mining friendly jurisdiction on the Planet: Nevada, USA.

Giant Mining (CNSX:BFG.CN) (OTCPK:BFGFF) announced on Tuesday September 24^th, 2024, that it had drilled into 218 feet of high-grade copper-silver mineralization from surface at the Majuba Hill Copper-Silver-Gold Deposit, formerly explored by Freeport-McMoRan (NYSE:FCX) (previously Freeport Sulfur) now under Giant Mining’s control.

“Giant Mining Intersects Surface High Grade at Majuba with 74.0 feet of 2.6% Cu and 30.1 g/t Ag within 218.0 feet of 1.35% Cu and 73.4 g/t Ag”

“Combining the copper and the silver results returns a copper equivalent of: 0 to 218.0 feet of 2.1% Copper Equivalent (“CuEq”) including 140.0 to 214.0 feet at 2.9% CuEq.”

"We are excited by the results of hole MHB-30, which significantly exceeded our expectations for high-grade copper-silver mineralization," said David Greenway, CEO of Giant Mining. "With guidance from our geologic team, including Richard Sillitoe, Leo Hathaway (Technical Advisor), and Larry Segerstrom (Director), we are continuing to uncover the incredible potential of Majuba Hill. We remain open both at depth and along strike, and despite over 83,925 feet of drilling and development work, we are only scratching the surface of just how big this opportunity could be for Giant stakeholders, the State of Nevada, and the USA. We eagerly await the results from MHB-31, drilled to a total depth of 1,086 feet."

Leo Hathaway, Technical Advisor commented, "The high-grade copper-silver results from hole MHB-30 are a strong validation of our exploration model at Majuba Hill. These results confirm the presence of significant mineralization near surface, with potential for further expansion both laterally and at depth. We are excited about the continued progress of the program and look forward to unlocking even more value as we drill deeper and expand our understanding of the deposit."

Giant Mining (CNSX:BFG.CN) (OTCPK:BFGFF) is still awaiting results from additional drilling and on September 12^th, 2024 announced a planned 16 hole RC drill program. Clearly Giant is committed to developing the Majuba Hill Copper Deposit. Majuba Hill is a copper-silver-molybdenum porphyry project that previously produced high-grade copper, silver and tin, along with gold and zinc from historic underground workings. The project is accessible year-round by major highway with extensive infrastructure already in place and over 83,925 feet of exploration and development drilling to date. Giant Mining controls 15.1 square miles (39.2 sq km) or 9,678 acres (3,917 ha) at Majuba Hill.

Global mining M&A has ramped up over recent months, as healthy cash flows and the outlook for key green energy metals encourage the rapid addition of extra production. BHP Group Ltd. has been among the most active, swooping on Filo Corp. after the World’s biggest miner’s $49 billion bid for Anglo American Plc did not close. BHP has warned the current AI boom would worsen copper shortage “The growth of data centres and AI solutions could boost global copper demand by 3.4 million tonnes a year by 2050” BHP’s chief financial officer Vandita Pant said this week.

Rio Tinto further recently announced it was open to making major acquisitions to meet copper goals. Ivanhoe Electric says Santa Cruz PFS on track for Q2 2025 after gaining full control on the Arizona Deposit gained full ownership its land title in May 2023 for US $116 million

Forward Thinking Investors from Robert Friedland to Investment Banks and Hedge Funds around the World are stating the time for copper development and investment is now. Friedland stated “The Copper market a ‘powder keg’ ready to explode” “The physical market for copper is “very, very tight and now in deficit”, and with the Federal Reserve rate cut on the horizon, the metal is set to explode this year, said Robert Friedland in an interview with Bloomberg.

The US Federal Reserve made its first 50 basis point rate cut as Copper hit a two month high and another two month high was made again today with the announcement of New China Stimulus clearly reiterating with such a large supply shortage looming it should be an exciting time for copper explorers and developers like Giant Mining Corp. (CNSX:BFG.CN) (OTCPK: BFGFF Ivanhoe Electric (TSX:IE.TO) and Ivanhoe Mines (TSX:IVN.TO), Freeport-McMoRan Inc. (NYSE:FCX), Rio Tinto Group (NYSE:RIO), BHP Group Limited (NYSE:BHP), Lundin Mining Corporation (TSX:LUN.TO) (OTCPK:LUNMF).

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