Copper 02 (Nov 12 - Dec 21)

Re: Copper 02 (Nov 12 - Dec 18)

Postby winston » Sat Sep 08, 2018 4:29 am

Copper is WoodMac’s favored metal because shareholders aren’t giving a mandate to mining companies to invest in supply.

“Built into the DNA of copper is rising prices over the medium term,” Kettle says.

Source: Bloomberg
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Re: Copper 02 (Nov 12 - Dec 18)

Postby winston » Sun Dec 15, 2019 7:44 am

Copper - Higher; US$2.78 from US$2.66 from US$2.64;
a. Higher inventories at LME
b. China - 50% of global consumption
c. China - Lower Power Grid demand
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Re: Copper 02 (Nov 12 - Dec 18)

Postby winston » Sat May 30, 2020 5:40 pm

Copper gets a warning the worst may be yet to come

By Andy Home

Beijing's stimulus package, centred on "new" infrastructure such as electric vehicle charging points, should be positive for copper demand.

China's continued strong imports and relatively flat global exchange stocks reinforce the positive optics.

But, Commerzbank warns, "this optimism is premature in our opinion as we believe that the worst is yet to come."

The International Wrought Copper Council (IWCC) is expecting a surplus of almost one million tonnes of metal this year and next.

Unsurprisingly, given the level of lockdown disruption in key producer countries such as Peru, global mine supply is expected to fall by 4% this year. That will translate into a 2.4% drop in production of refined metal.

However, the COVID-19 supply shock will be exceeded by the hit to demand, the IWCC suggesting global usage could fall by as much as 5.4% in 2020.

Even as it stands, the copper market may be heading for stormy waters, although the price isn't saying so right now.


Source: Reuters

https://finance.yahoo.com/news/column-c ... 34359.html
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Re: Copper 02 (Nov 12 - Dec 21)

Postby investar » Tue Jun 09, 2020 5:47 am

Copper price rally builds as China spending balloons:

https://www.mining.com/copper-price-ral ... -balloons/
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Re: Copper 02 (Nov 12 - Dec 21)

Postby investar » Thu Jun 25, 2020 8:32 pm

copper may be set for a bumper 3Q:

-huge green and digital stimulus programs
-supply disruptions are likely to boost demand for new copper projects
-recovery in prices has been driven by consumption rather than speculation
-improved expectations and "favorite industrial metal for the next 6 to 12 months" at Morgan Stanley


https://www.cnbc.com/2020/06/24/coronav ... rally.html
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Re: Copper 02 (Nov 12 - Dec 21)

Postby winston » Tue Jun 30, 2020 1:22 pm

3 Compelling Copper Stocks With at Least 40% Upside Potential

1. Western Copper Corporation (WRN)
2. Teck Resources, Ltd. (TECK)
3. Freeport-McMoran (FCX)


Source: TipRanks

https://finance.yahoo.com/news/3-compel ... 57084.html
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Re: Copper 02 (Nov 12 - Dec 21)

Postby winston » Tue Jul 07, 2020 8:54 am

not vested

Copper prices could see a ‘supercharged recovery’ this year — but analysts are still cautious long term

by Chloe Taylor

Citi: “The copper rally over the past month from $5,700 a ton to over $6,000 a ton has occurred against a backdrop of flat to falling equity prices and bond yields, leaving copper looking overvalued by $220 to $420 per ton based on these historical relationships”.


Source: CNBC

https://www.cnbc.com/2020/07/06/copper- ... KW,42ZW2,1
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Re: Copper 02 (Nov 12 - Dec 21)

Postby investar » Wed Jul 08, 2020 6:33 am

Will Copper really dominate the 2020s?

https://www.kitco.com/news/2020-07-02/T ... ilver.html

For Copper and Uranium, I invested in micro cap junior explorer Powerore (PORE.V in Canada at 6 cents). That stock has potential to become a twenty-bagger in the next five years.

For Helium, I follow GTLS and APD
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