Copper 02 (Nov 12 - Dec 25)

[behappyalways]

This is literally a sign of the times...
https://x.com/duediligenceguy/status/17 ... 2134864932

[winston]

by behappyalways:-

As Copper Soars, Telecoms Sitting On $7 Billion Mother Lode Of Old Cable

https://www.zerohedge.com/commodities/c ... -old-cable

[winston]

Trafigura says copper’s spike isn’t justified by fundamentals

By Jack Farchy

While investors have piled into copper futures, the market in leading consumer China has been flashing signs of weakness.

Disappointing mine supply “has led to a significant concentrates shortage, resulting in smelters having to cut production and pointing to tighter inventories of refined metal even if demand is lacklustre.

Source: Bloomberg

https://theedgemalaysia.com/node/714399

[behappyalways]

Why Copper Demand Is Skyrocketing
https://m.youtube.com/watch?v=g8Nar1s5UgM

[winston]

Copper's Correction: Time to Re-Evaluate Your Investments

Copper prices have risen by around 15% year-to-date, driven by speculative bets on impending shortages.

This speculation is fueled by copper’s critical role in electrification, particularly in grid-scale energy and data center infrastructure, and the challenges associated with launching new projects for fresh ore supply.

Higher global inventories and evidence of lower near-term demand, particularly highlighted by an unexpected contraction in China's manufacturing sector, led to a downturn in copper prices.

Source: INO.com

https://www.ino.com/blog/2024/06/copper ... =blogclick

[behappyalways]

China's Copper Exports Jump To Record On 'Export Arbitrage'
https://www.zerohedge.com/commodities/d ... nationally