Asiamet Resources Limited (LON:ARS – Get Rating) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1.93 ($0.02) and traded as low as GBX 1.25 ($0.02). Asiamet Resources shares last traded at GBX 1.33 ($0.02), with a volume of 884,429 shares. The company has […]
"Drilling underway to expand the BKM and BKZ Resources is expected to demonstrate the potential for significant production growth and mine life upside.
The market is expecting a prolonged period of strong prices as demand is outstripping supply
Asiamet Resources Ltd (LON:ARS) said it is well placed to benefit from a surge in demand for copper.
The miner said it is now forecast that copper supply will not meet demand in the foreseeable future, with most market analysts suggesting that the gap between supply and demand is widening and are expecting a prolonged period of strong prices.
Many of the major economies are planning large infrastructure-related development programs focussed on decarbonisation and the transition to renewable energy and electrification of transport.
Copper is expected to be a major beneficiary of these policies as the energy transition will require significant additional copper supply over and above the current baseload requirements, Asiamet said.