Copper 02 (Nov 12 - Dec 18)

Re: Copper 02 (Nov 12 - Dec 15)

Postby winston » Tue Jan 12, 2016 8:14 am

Copper prices fall more than 30% over the past eight months.
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Re: Copper 02 (Nov 12 - Dec 15)

Postby winston » Tue Jan 12, 2016 4:56 pm

Global Copper Mine Production Capacity to Rise 5% Per Yr, ICSG says

It is expected that the global copper mine production capacity will grow at an average rate of 5% per year to reach 27 million tons in 2019, as Reuters cited the International Copper Study Group (ICSG).

The production capacity by 2019 will be 20% or 4.4 million tons more than that of 2015.

The copper refining capacity of China was at around 4.7 million tons between 2000-2015, and is expected to grow 1.5 million tons more per year by 2019.

Source: AAStocks Financial News
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Re: Copper 02 (Nov 12 - Dec 15)

Postby winston » Fri Jan 22, 2016 7:25 am

Chart of the Day: Dr. Copper Says, "Beware!"

By Eric Fry

If, as Wall Street old-timers say, "Dr. Copper is the metal with a Ph.D. in economics," the Baltic Dry Freight Index must have at least a master's degree.

Because this index measures the cost of transporting raw materials along major shipping routes, it provides a very telling picture of global economic vitality... or lack thereof.

And at the moment, the picture this index is showing is not a very pretty one. Because dry freight shipping volumes are collapsing, the Baltic Dry Index just hit a new 15-year low.

Mirroring this ominous trend, the CRB Index of commodity prices also hit a new 15-year low. In other words, since no one wants commodities, no one is shipping commodities - or any other dry freight - from Point A to Point B.

Commodities Capsize

What does Dr. Copper have to say about all this?

He clearly agrees with the Baltic Dry Index - and with his commodity peers - that the global economy is in a funk. As the chart below shows, the copper price has been falling sharply for more than two years.

A worse-than-advertised Chinese economy is probably the biggest drag on both the copper price and the Baltic Dry Index.

China accounts for 40% of global copper demand. So the falling copper price suggests that China isn't consuming as much of the red metal as it used to.

Similarly, China's fingerprints are all over the downwardly trending Baltic Dry Index. Because China is importing smaller quantities of raw materials, the world's transport companies aren't shipping as many dry goods as they used to.

Bottom line: The Chinese economy is probably in much worse shape than the "People's" official number-crunchers would have us believe.

Source: The Non-Dollar Report
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Re: Copper 02 (Nov 12 - Dec 15)

Postby winston » Wed Jan 27, 2016 8:28 am

Chart of the Day: Dr. Copper Says, “Beware!”

By Eric Fry

Source: The Non-Dollar Report

http://nondollarreport.com/2016/01/comm ... ?src=email
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Re: Copper 02 (Nov 12 - Dec 15)

Postby winston » Thu Mar 03, 2016 8:31 pm

Four Charts Show Why Copper's Comeback Could Have Staying Power

by Agnieszka De Sousa

Backwardation, lower inventory, technical gauges offer support

On other hand, biggest producer sees copper glut persisting

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... ying-power
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Re: Copper 02 (Nov 12 - Dec 15)

Postby winston » Sat Mar 05, 2016 3:58 pm

Copper Stockpiles in China Surge to Record as Metal Flows East

Shanghai Futures Exchange copper inventories climb 11 percent

China has overtaken LME to have world's biggest copper depot

Source: Bloomberg

http://www.bloomberg.com/news/articles/ ... flows-east
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Fri Mar 25, 2016 7:02 am

These forgotten commodity stocks have triple-digit upside today

by Dr. Steve Sjuggerud

Source: True Wealth

http://thecrux.com/triple-digit-upside- ... ty-stocks/
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Re: Copper 02 (Nov 12 - Dec 16)

Postby behappyalways » Fri Apr 08, 2016 7:59 pm

China set to shake up world copper market with exports as stockpiles rise: traders
http://www.cnbc.com/2016/04/07/china-se ... aders.html
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Fri May 27, 2016 8:12 pm

The Gold Bull Market Isn't Helping This Metal

By Matt Badiali

Not all metals are created equal.

While gold and silver prices are up 16% and 18%, respectively, in 2016... copper has dropped to its lowest point in seven years. And there's still a lot more room for it to fall.

You see, it's still about 40% above its December 2008 low.

While copper's price fell about 45% in terms of U.S. dollars since early 2013, it isn't down nearly as much in one critical currency during that same time frame.

Because of that, copper miners will continue to be left behind. Let me explain...

First, take a look at the chart below of the copper price going back to 2008.

Please Enable Images to See this

Copper fell to a low of $1.95 per pound on January 15 this year. Since then, it has traded back and forth and is down about 2% for the year at $2.10 per pound.

That back-and-forth action left copper miners behind.

While many gold stocks, like gold-mining giant Barrick Gold (ABX), rose triple digits from their 2015 lows, copper miners haven't performed nearly as well. Giant copper miner Southern Copper (SCCO) is up just 2% in that same span.

Part of that trouble comes from copper's fundamentals. You see, it's a true commodity. Like iron ore, aluminum, and oil, copper's price moves on supply and demand. When the price of a commodity falls, it typically kills production.

We're seeing that happen with oil right now... but not with copper.

Also, while the price of copper in U.S. dollars has fallen 44% from $3.75 per pound in February 2013 to $2.10 today, it has only dropped 18% in Chilean pesos during that span.

That's important because Chile is the world's largest copper producer. It's not even a contest. Look at the table below of the world's largest copper-producing countries...

Country Copper Volume*
Chile 5.7 million
China 1.8 million
Peru 1.6 million
USA 1.3 million
Congo 1.0 million
* in metric tons

As you can see, Chile produces as much copper as the next four countries combined. So the price of copper in Chilean pesos is critical to understanding the copper market.

And in a recent interview, the CEO of major Chilean copper miner Antofagasta (ANTO.L) predicted a supply glut through 2017. His company will produce 700,000 metric tons of the metal this year.

That's why we're avoiding copper miners in the Stansberry Resource Report right now. This rally in gold and silver isn't going to extend to copper anytime soon.

Don't make the mistake of thinking those "cheap" copper miners are going to soar. Too many factors are working against the metal today.

Source: Growth Stock Wire
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Re: Copper 02 (Nov 12 - Dec 16)

Postby winston » Wed Jun 08, 2016 8:17 pm

Copper keeps sliding… sector fund JJC falls 10%-plus since the beginning of May.
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