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Copper, Discussion
blacksheep
post Posted: Apr 11 2018, 08:58 PM
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Copper supply crunch earlier than predicted — experts
QUOTE
Copper demand will surpass supply earlier than expected, with the first clear signs coming as early as next year, experts attending the 17th World’s Copper Conference being held this week in Santiago, Chile, said.

According to Arnaud Soirat, chef executive for copper and diamonds at Rio Tinto, increased consumption from new technologies, including electric vehicles, will drive demand for the metal and its by-products, he said.

“We anticipate global market supply and demand will keep close to balance in 2019 and 2020,” he said, noting that after that the deficit will become increasingly evident.

The outlook is widely shared by other experts, including CRU analyst Hamish Sampson. According to him, unless new investments arise, existing mine production will drop from 20 million tonnes to below 12 million tonnes by 2034, leading to a supply shortfall of more than 15 million tonnes.

The situation looks even worse when considering that over 200 copper mines currently in operations will reach the end of their productive life before 2035, Sampson said on Monday.

http://www.mining.com/copper-supply-crunch...dicted-experts/



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 2 2018, 09:49 PM
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Copper’s Hot Run Falters in 2018
QUOTE
The red metal just posted its first quarterly drop since 2015 with economic worries mounting and investors retreating from risk
By Amrith Ramkumar
April 1, 2018 8:00 a.m. ET
0 COMMENTS
Copper just recorded its first quarterly decline since 2015—a sharp reversal by one of last year’s hottest assets that is fueling concerns among investors who look to the industrial metal as an indicator of global growth.

Futures prices for the red metal shed 7.9% in the first quarter after hitting a nearly four-year high in late December. While other commodities such as oil have continued climbing, copper has lagged behind, hurt by lukewarm economic data from China and anxiety over possible disruptions to international trade.

read more - https://www.wsj.com/articles/coppers-hot-ru...2018-1522584000



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 15 2018, 11:48 AM
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Copper, iron ore price jump sparks rally in mining stocks
Frik Els | about 3 hours ago
http://www.mining.com/copper-iron-ore-pric...-mining-stocks/?



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Feb 9 2018, 10:20 AM
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In Reply To: blacksheep's post @ Jan 21 2018, 11:04 AM

extract of interview with energy expert, Gianni Kovacevic ahead of Mines and Money Asia 3-6 April 2018

QUOTE
Looking toward other commodities for investment, Mr Kovacevic stated that the future of all ground transportation is going to increasingly be electrified; cars, trucks, delivery vehicles, car sharing, taxis, buses and even more railroads are moving from diesel to electric.

Mr Kovacevic said that lithium cobalt and graphite have become buzzword commodities but we need to see how they tolerate new battery chemistries, substitution, and over-supply. The only clear winner being created by the electro-mobility shift is copper.

“I will suggest copper has the most new demand growth of any of the major commodities; perhaps as much as 50 percent new demand to 2040.

“There are only 25 copper mines that provide 50 percent of primary copper production, most passive investors are not aware of these.

“So how can the world's copper producers provide 10 million tonnes of new annual demand? A much higher copper price is the only way,” he stated.

http://www.asiaoutlookmag.com/news/caution...ranium?topStory



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 
blacksheep
post Posted: Jan 21 2018, 11:04 AM
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Why Robert Friedland is bullish on copper
Valentina Ruiz Leotaud | about 23 hours ago
QUOTE
After having invested $1.2 billion to develop the Kamoa-Kakula project in the Democratic Republic of Congo, it is no surprise that Ivanhoe Mines’ executive chairman, Robert Friedland, is bullish on copper.

The engine that drives his confidence comes in the form of electric vehicles which, according to investment manager U.S. Global Investors, need up to four times the amount of copper traditional cars need and whose demand is expected to grow so much that, by 2027, 1.74 million tonnes of copper will be needed to meet it. Today’s demand is of 184,000 tonnes.

read more - http://www.mining.com/robert-friedland-bullish-copper/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 5 2018, 06:52 PM
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QUOTE
Investors jumped back into copper on Thursday after reports that top consumer China is slashing import quotas of scrap metal, a bullish development first rumoured last year.

After pulling back over the first three trading days of the year, Comex copper bounced back to just below $3.30 a pound ($7,270 per tonne) in New York, up over 1% from Wednesday's settlement. While gains were pared by early afternoon volumes were heavy, especially considering not all market participants have returned from year-end holidays, with more than 100,000 lots worth some $8.4 billion traded.

Metalbulletin reports that Beijing cut its quota for the first two batches of 2018 copper scrap imports to 136kt, down a whopping 94.3% compared to 2017. The market data provider said not only were far fewer refiners applying for licences, but those that did saw allocations drop more than 80% below last year's levels.

http://www.mining.com/copper-price-jumps-c...rap-imports-94/
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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 


blacksheep
post Posted: Jan 4 2018, 10:46 AM
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extract - Goldman has more good news for copper, zinc price
Frik Els | 38 minutes ago

QUOTE
While it's pulled back a bit since New Year, the price of copper ended 2017 near a four-year high of $3.30 a pound ($7,260 per tonne) extending the bull run in the red metal for a second year. Measured from its multi-year lows struck at the beginning of 2016, copper has gained more than 70% in value.


QUOTE
Shipments of copper concentrate to China hit a monthly record of 1.78m tonnes in November and the tally for the year should beat last year's record 17m tonnes.

Refined copper imports are trending down with recently released data showing cargoes are down some 5% over the first 11 months of 2017 to 4.24m tonnes compared to the same period in 2016. Full year imports in 2016 hit a record 4.94m tonnes.

http://www.mining.com/goldman-good-news-copper-zinc-price/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jan 3 2018, 12:54 PM
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Mining in 2018: Copper price to power on
Frik Els | about 2 hours ago
extract
QUOTE
The upside:
Factories around the world are buzzing – the JP Morgan composite PMI index is at its highest since February 2011 – and concerted global economic growth could hit 4% this year
Warehouse and exchange inventories are under control – Comex is up sharply, but Shanghai is down despite winter refinery shutdowns and at 200,000 tonnes, LME is nowhere near peaks seen during copper's bear years
China’s pollution clampdown and shake-up of state-owned industry open up gaps for producers elsewhere – refined imports have held up surprisingly well and concentrate shipments are at record highs hitting 1.8m tonnes in November
The switch to electric vehicles, the build out of EV infrastructure (Beijing’s promised 4.8m charge points by 2020) and green energy investment lives up to the hype
Long-standing industry issues are not going away: Declining grades, rising costs, dirty concentrates, water and other environmental concerns, stricter regulations, community opposition, agonizingly slow project permitting processes and exploration activity still in the doldrums

On the downside:
Cooler heads prevail and Chile’s biggest ever year of copper mine wage negotiations concludes without major disruptions
The Chinese construction market correction turns into full-blown slump, transport slows and the scrapping of subsidies puts the brakes on EV sales – the biggest sources of demand for the metal in a country that consumes nearly half the global total
Higher prices encourage Chinese miners to ramp up output, domestic secondary supply rises and the purported ban on scrap imports never materialize
Copper from large scale expansions – Oyu Tolgoi and Grasberg going underground spring to mind – and greenfield projects like Udokan, Wafi-Golpu and Quellaveco – reach the market before new wave of demand from EVs does.

http://www.mining.com/mining-2018-copper-p..._medium=twitter



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 30 2017, 12:30 PM
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extract from this article - http://www.mining.com/web/one-sector-want-...-sectors-avoid/
QUOTE
Copper may not seem too sexy to most people, however, make no mistake that copper is a great way to play the looming electric vehicle boom while remaining underpinned by a strong long term supply/demand dynamic (declining mine ore grades and strong global growth):

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--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Dec 29 2017, 10:49 PM
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Posts: 6,086
Thanks: 2188


Year's Best Commodities Fund Is Betting on 2018 Mining M&A
By Susanne Barton
December 29, 2017, 11:00 AM GMT+11
QUOTE
the outlook for industrial metals such as copper is boosted by expectations of faster global growth and supply disruptions..

https://www.bloomberg.com/news/articles/201...ing-m-a-in-2018



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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