MAC Copper Limited (MTAL)
MAC Copper Limited (MTAL) is a mining company focused on the exploration and development of copper assets. The company aims to capitalize on copper demand driven by infrastructure, renewable energy, and electric vehicle industries. It concentrates on acquiring and advancing copper projects, primarily in regions with significant mineral potential.
Company News
The global copper market is expected to face a significant supply deficit of 300,000-500,000 metric tonnes in 2025, driven by increasing demand from infrastructure development, agricultural modernization, and renewable energy initiatives. Copper prices are projected to trade between $9,000 to $10,500 per metric tonne.
MTAL, TELNY and X made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 9, 2023.