Copper 03 (Oct 22 - Dec 27)

[behappyalways]

Copper Hits Record High; Goldman Warns A "Circular Melt-Up" Is Now Driving Global Market
https://www.zerohedge.com/commodities/c ... bal-market

[winston]

The world needs a lot more copper. But will there be enough supply?

The market has been hit by a slew of mine outages this year, from Chile to Indonesia

The near-term outlook for copper demand growth has been clouded by weakness in China, the world’s top consumer of the red metal.

BloombergNEF estimates consumption could increase by more than a third by 2035 in its baseline scenario.

Key drivers include the ongoing transition to cleaner energy sources such as solar panels and wind turbines, rising adoption of EVs and the expansion of power grids.

The copper market is anticipated to enter a supply deficit over the next decade, potentially as soon as 2026, BloombergNEF estimates.

Source: Bloomberg

https://www.businesstimes.com.sg/intern ... ugh-supply

[behappyalways]

The World's Largest Copper Producing Countries 1970–2024
https://x.com/MiningVisuals/status/2001286457319731353

[behappyalways]

Copper set for best year since 2009 after December surge
https://www.theedgesingapore.com/news/c ... mber-surge

[behappyalways]

UBS: "Copper Is The Commodity Everyone Wants To Own"
https://www.zerohedge.com/commodities/u ... -wants-own

[behappyalways]

Copper
https://x.com/TheGladiatorHC/status/2014535920347971916