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Three Copper Stocks To Watch As Material Prices Rise

Which copper stocks are investors watching this week? The market for copper…

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Which copper stocks are investors watching this week?

The market for copper stocks is often underrated compared to other mining assets. Traditionally, investors look at gold stocks and silver stocks before other types of metals. This can be a mistake though, as many other materials are climbing in price. Copper is a perfect example of this and has seen significant growth in the last few years.

Now you may be wondering, what is the reason that copper stocks have experienced all of this success? Part of copper’s momentum is driven by the market for electric vehicles. EVs are growing rapidly in popularity every single year. With millions of them already on the road, this technology is shaping up to be the future of the automobile. Most major manufacturers already have some sort of plan for transitioning into the EV market. Production electric vehicles use hundreds of pounds of copper, much more than a traditional vehicle would use.

This means that the demand for the metal is much higher. Copper is used in a lot of other electronic devices and wiring as well. Currently, the metal is on track to become the new gold as the gap between supply and demand expands. Bank of America has predicted that the metal could reach $20,000 per metric ton in the next three years. Copper has an essential role in the economy, which is why the demand keeps growing for it. This metal will likely continue to grow in popularity as the world electric technology expands its reach, as it is needed for many related developments. Let’s take a look at 3 copper mining stocks that are performing well in the market.

Top Copper Stocks To Watch

  1. Teck Resources Limited (NYSE: TECK)
  2. Hudbay Minerals Inc. (NYSE: HBM)
  3. Turquoise Hill Resources Ltd. (NYSE: TRQ)

Teck Resources Limited (NYSE: TECK)

Teck Resources Limited is a copper stock that focuses on research, exploration, development, and production of natural resources. The company runs in the Asia Pacific, the Americas, and Europe. Its different company sections are coal, copper, energy, and zinc. Overall, the company produces copper, zinc, gold, silver, and many more resources. It owns an interest in Frontier oil sands projects, and exploration and development projects. These many projects are located in Alberta, Australia, Chile, Ireland, Mexico, Peru, Turkey, and the United States.

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On July 14th, Teck released its climate change outlook 2021 report. The company currently plans on being a carbon-neutral operator by 2050. The VP of Sustainability and External Affairs, Marcia Smith said, “Teck is taking significant steps to address climate change risks because we know all sectors, including mining, need to play an active role in contributing to solving the challenge of climate change. We are working to reduce the carbon footprint of our operations, while at the same time rebalancing our portfolio towards copper, which is an essential metal for low-carbon technology and infrastructure.” One year ago TECK was at about $11 per share, and it has now reached $20 per share on average as of July 20th. With this in mind, will you add TECK to your list of copper stocks to watch?

Hudbay Minerals Inc. (NYSE: HBM)

Hudbay Minerals is a copper stock that is involved in the processes of discovery, production, and marketing. Hudbay produces various base and precious metals such as copper, gold, silver, molybdenum concentrates, and more. Its operations are based in both North and South America. It owns three polymetallic mines, a zinc production facility, copper projects in the United States, and more.

Unfortunately, Hudbay’s Lalor recently reported a fatality a few weeks ago. The company announced that the mine has now resumed activities on June 23rd. The next update from this copper stock is going to be released on Tuesday, August 10th, 2021. This is when Hudbay is hosting a conference call for its second quarter 2021 results. This will be an interesting report for investors, as it could provide some insight as to where the company is at right now.

On July 20th, HBM stock is up 4.68% in the market on average. One year ago, the company’s stock price was at $3.39 per share on average, and it is now at $6.26 per share as of July 20th. Noting this info, is HBM stock on your copper watchlist?

Turquoise Hill Resources Ltd. (NYSE: TRQ)

Turquoise Hill Resources Ltd. is a copper stock that explores for various mineral resources around the world. These resources include copper, gold, and silver deposits. Its main property is the Oyu Tolgoi copper-gold mine in Mongolia. TRQ stock has had quite a lot of momentum in 2021, with many ups and downs in the market.

[Read More] 3 Hot Mining Stocks To Watch This Week

On July 15th, Turquoise Hill provided its second quarter 2021 production numbers and an update on its Oyu Tolgoi mine. The company stated, “In Q2 2021, open-pit mining activities were impacted by personnel shortages due to COVID-19 restrictions. This resulted in an increase of lower-grade stockpile material being processed during the quarter.”

Turquoise Hill also has a partnership with Rio Tinto Group (NYSE: RIO) to engage with various Mongolian governmental bodies with a view to resolve outstanding non-technical undercut issues. TRQ stock has seen a lot of momentum in the market recently. On July 20th, TRQ stock is up 2.33% in the market. Will this copper stock enter your watchlist for July 2021?

Best Copper Stocks To Buy Right Now?

Choosing the best copper stocks to buy can often be a difficult feat. With so many companies to choose from, the process can become confusing. That is why looking at recent company news and financials is a great step to take when investing in the stock market. Looking at news from the sector is important well, as things like increased demand and shortages. World news often has an impact on copper as well, i.e. the pandemic. So which copper stocks will make your watchlist this year?

The post 4 Copper Stocks To Watch As Material Prices Rise appeared first on Gold Stocks to Buy, Picks, News and Information | GoldStocks.com.

Energy & Critical Metals

Daimler Truck’s powertrain plants in Germany will produce electric drive components

Following intensive talks, Daimler Truck AG and the Works Council have agreed that the three powertrain sites in Gaggenau, Kassel and Mannheim will specialize…

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Following intensive talks, Daimler Truck AG and the Works Council have agreed that the three powertrain sites in Gaggenau, Kassel and Mannheim will specialize in different components for electrified drives.

In the future, they will drive the global production of battery-electric and hydrogen-based drive systems in a production and technology network for electric drive components and battery systems, together with the sister plant in Detroit. Significant additional investments in future technologies at the Daimler Truck powertrain plants will drive technological change.


  • The Mercedes-Benz plant in Gaggenau, which specializes in heavy-duty commercial vehicle transmissions, will develop into a competence center for electric drive components as well as the assembly of hydrogen-based fuel cell drive components.

  • The Mercedes-Benz plant in Kassel is expanding its current focus on commercial vehicle axles and will become a competence centre for electric drive systems.

  • The Mercedes-Benz plant in Mannheim, specialized in commercial verhicle engines, is drawing on the more than 25 years of experience of the Competence Center for Emission-free Mobility (KEM) located at the plant and is focusing on battery technologies and high-voltage-systems.

Important scopes for alternative drives, such as the production of electrically driven axle systems, e-motors and inverters, as well as the assembly of fuel cell systems, will be integrated into the powertrain plants in the future, in addition to investments in the reprocessing and recycling of battery systems.

Our industry is undergoing a transformation toward CO2-neutral trucks. Since conventional drive systems will also be with us for some years to come, we are focusing the future orientation of our powertrain plants primarily on flexibility, cost-effectiveness and very well-trained employees. This had to be reconciled in our negotiations with the Works Council. With the production and technology network for electric drive components and battery systems in conjunction with the competence centers at the plants, we have succeeded in doing so. In this way, we are creating optimum conditions for maximum competitiveness for our plants and at the same time laying the foundations for a successful future.

—Yaris Pürsün, Head of Global Powertrain Operations Daimler Truck

Another element of the technology network for electric drive components and battery systems are the innovation laboratories (InnoLabs). In addition to the competence centers, these are being set up at all plants. They specialize in innovative production processes, new technologies and products.

The aim of the InnoLabs is to close the gap between prototype production and series development. Series start-ups are thus to be prepared with maximum efficiency so that products can be transferred from the prototype phase to series production as quickly as possible. With the InnoLab Battery located at the Mercedes-Benz plant in Mannheim, Daimler Truck AG will establish its own pilot battery cell production and thus lay an important foundation stone for future competence in battery technology.

In its transformation toward CO2-neutral transportation, Daimler Truck is focusing on two all-electric drive technologies: battery and hydrogen-based fuel cell. With these, every customer application can be covered with full flexibility in terms of routes—from well-plannable, urban distribution transport to multi-day transports that are difficult to plan. Which solution is used by the customer depends on the specific application.

As the first battery-electric truck, the Mercedes-Benz eActros for routes in distribution transport will go into series production at the Mercedes-Benz plant in Wörth in October 2021, followed by the eEconic next year. The battery-electric eActros LongHaul for long-distance transport will follow from the middle of the decade. Key components be manufactured at the powertrain plants in the future.

In addition to the products, the powertrain plants are to become CO2-neutral from 2022, just like all other European Daimler Truck plants. This will be made possible, among other things, by a green power concept at Daimler: CO2-free power procurement from renewable energy sources will form the basis for CO2-neutral production. As part of this, the sites will purchase electricity from wind and solar farms as well as hydropower plants from 2022 onwards. On the way to becoming green production sites, the Mercedes-Benz powertrain plants are also to operate CO2-free in the long term by successively establishing fully renewable energy systems over the next few years.

The sister plant in Detroit, which is part of the global production network for powertrain components, will continue to strengthen its role in the US market and, as a competence center for electric powertrain components, make an important contribution to shaping sustainable transportation in the American market.

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Energy & Critical Metals

Tata Steel contracts for 27 electric trucks for transportation of finished steel in India

As part of its sustainability initiative, Tata Steel is partnering with an Indian start-up to deploy electric trucks for its steel transportin India. This…

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As part of its sustainability initiative, Tata Steel is partnering with an Indian start-up to deploy electric trucks for its steel transportin India. This marks the first use of EVs by any steel producer in the country for transportation of finished steel.


The electric trucks feature a 230.4 kWh Lithium-ion battery pack with a cooling system and a battery management system giving it capability to operate at ambient temperatures upto 60 °C (140 °F). The battery pack will be powered by a 160-kWh charger setup which would be able to charge the battery from 0 to 100% in 90 min. With zero tail-pipe emission, each electric vehicle would reduce the GHG footprint by more than 125 tCO2e every year.

Tata Steel has contracted for 27 EVs, each with a carrying capacity 35 tonnes of steel (minimum capacity). The company plans to deploy 15 EVs at its Jamshedpur plant and 12 EVs at its Sahibabad plant. The first set of EVs for Tata Steel are being put in operation between Tata Steel BSL’s Sahibabad Plant and Pilkhuwa Stockyard in Uttar Pradesh.

At a virtual ceremony organized on July 29, Tata Steel formally flagged-off the loaded vehicle at the Pilkhuwa Stockyard to move to the Sahibabad plant, 38 km away.

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Energy & Critical Metals

Tesla Is Hiking Prices In The U.S. While Slashing Them In China

Tesla Is Hiking Prices In The U.S. While Slashing Them In China

After posting its most recent earnings "beat", Tesla is taking on two starkly…

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Tesla Is Hiking Prices In The U.S. While Slashing Them In China

After posting its most recent earnings "beat", Tesla is taking on two starkly different strategies for its U.S. and its China business. 

In the United States, the automaker is raising prices in an attempt to boost profit margins, while in China it is keeping prices steady in what is likely an attempt to drum up more demand, Reuters reported

So far, Tesla has raised the price of its Model 3 and Model Y "about a dozen times" in the U.S. this year, the report notes. At the same time, the company also introduced an affordable version of its Model Y in China.

Tesla isn't just facing increased scrutiny in China from its citizens and the government, but is also running face-first into a wall of Chinese EV competitors. 

Toni Sacconaghi of Bernstein has questioned demand in China as a result of the introduction of the lower priced Model Y. He has said that the model "may make sustained margin improvement difficult". Chinese owners were "were less enthusiastic and had lower repurchase intentions than owners in the United States and Europe," a Bernstein survey recently showed.

Meanwhile in the U.S., Tesla continues to raise the price of its Model Y long range, which is now priced at $53,990. In China, the more affordable Model Y is priced at $42,394.

Roth Capital Partners analyst Craig Irwin told Reuters: "I think Tesla is looking to be as competitive as it can be in China. Lower prices will be a part of that aggressive market positioning. There is a very large difference in battery prices in the U.S. and China, as well as local vehicle manufacturing costs."

Hargreaves Lansdown analyst Nicholas Hyett added: "It wasn't so long ago that the group was trimming prices in the U.S. to gain scale and maximize profitability, and it feels like we're now seeing that in China too."

Gene Munster at Loup Ventures attests that the lower prices in China could "have a lasting effect" for the company in the country: "Teslas are on average 3x the cost of a typical EV made in China so they have to be priced less than the U.S. to compete. Prices of Teslas in China will be below (the) rest of the world for the next decade."

Tesla's market share in China has fallen to 11% in the battery electric vehicle market. China makes up 44% of the global EV market. 

 

 

 

Tyler Durden Fri, 07/30/2021 - 10:36
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