RE:RE:Question for Patchh
copper is up about a buk in the last month.. all N mine cost @ NCI (50 people to 350 N less than a year... sounds like all N to me..) was stated around 4 buks for chuck. elko day press - buffington intervue april/may 2024.. barrik ahd mine inflation rates (globally) @ 6 & 8%; to barrik this was around 750M$..
fire dancin and rain vodo's aside.. the russians are closing in on Kiv Rog and the Aceslor Smelters; this is what the russians are after.. the alum - rolled steel - smelters - avastoval // these aree mega facilities and much larger than russian properties... avestol was the mega coke facilities/captured..
the russians produce around 700,000 tonsw of finished copper.. the gambit ! settling all euroasia trades in rubels and yuans - summs game zero for the USD.. this will B aoround 60% of global GDP's in a briks format... russians will go from about 28% to >36% - tidy summ
question is what will the russians doo to forex contracts.. i suspect they will short for a quik noze bleed anbd move all euroasia forex contraks to shanghi and the ripp the residual to oddybiddypieces... i.e. the same game show w urals oil and siberian methane gas.. the russians lost on the gas but hav made a wopping killing on the oil.. entire refinries re-tooled to handel the heqavier urals oil (oil grade i guess is similar to Venezuela - hi bunker - high vanadium (takes a special refractor w a sulkfuric acid process)..
i think the russian will move to corner copper - rolled steel and alum.. they will sell until the forex dealers flush contracts