Copper 02 (Nov 12 - Dec 25)

[winston]

Analysts are now forecasting a copper supply-demand deficit of 35,000 tonnes this year, compared to an expected surplus of 302,500 tonnes in the previous poll in October.

Source: Reuters

[winston]

Funds quickly buy back into copper’s super-cycle credentials

By ANDY HOME

Copper below US$9,500 per tonne is now cheap, according to analysts at Citi, who have raised their forecasts to an average US$10,000 in the fourth quarter of this year and US$12,000 in 2026.

Many other analysts are doing likewise. Reasons to be bullish include supply constraints, a turn in the old manufacturing cycle and an acceleration in copper-intensive energy transition sectors.

The promise of a further demand booster from artificial intelligence in the form of bigger data centres is the latest strand in copper’s bull narrative.

The only sceptics are physical copper users, who are not seeing any tangible signs of that promised boom in their current order books.

The European manufacturing sector is still in the recessionary doldrums, contracting for the 21st month in March, while US and Chinese factory sectors are showing only the first signs of expansion.

Source: Reuters

https://www.thestar.com.my/business/ins ... redentials

[behappyalways]

Copper deficits have risen to 4.48% already in Q1, up from 3.54% last year and 2.96% the year prior.
https://twitter.com/Mayhem4Markets/stat ... 8358224286

[behappyalways]

Anglo American Does Not Find BHP's $39 Billion Takeover Bid 'Attractive': Report
https://www.zerohedge.com/commodities/b ... ning-giant

[behappyalways]

Legendary investor Stanley Druckenmiller says copper is a great bet for the next 6 years because EVs, data centers, and missiles all depend on it
https://markets.businessinsider.com/new ... les-2024-5


Visualizing The Copper Investment Opportunity In One Chart
https://www.zerohedge.com/commodities/v ... -one-chart

[behappyalways]

Anglo Goes Bold: Unveils Breakup Plan To Transform Into Copper Giant Amid BHP Takeover Battle
https://www.zerohedge.com/commodities/a ... keover-bid

[behappyalways]

Copper Scrappers Target Tesla Superchargers As Metal Prices Soar
https://www.zerohedge.com/commodities/c ... rices-soar

[behappyalways]

Goldbugs Waited Years For A Massive Comex Short Squeeze, And Finally Got It... Just In The Wrong Metal
https://www.zerohedge.com/commodities/g ... just-wrong

[behappyalways]

China alone accounts for over half the world's copper demand
https://x.com/Mayhem4Markets/status/1792502072459293164


Chile produces the most copper in the world, by quite a lot
https://x.com/Mayhem4Markets/status/1792504536856158399

[behappyalways]

Stealing copper in exchange for money is common!
Cables are frequently cut in the United States, Japan and France.
Japanese solar panel manufacturers lament losing hundreds of millions of yen.
Some households in a small French village were cut off from the Internet.

偷銅換錢屢見不鮮! 美日法頻傳電纜被剪 日本太陽能板業者哀號損失上億日圓 法國小村部分家戶慘遭斷網｜非凡財經新聞｜20240521

https://m.youtube.com/watch?v=eZF-PXxJpLw