Nevada Copper Corp T.NCU

Supply disruptions could be larger than expected - HSBC.

[bogfit]

As I was saying …
 
“Global commodity markets are in a “super squeeze” amid supply disruptions and lack of investment — and it’s only going to get worse as geopolitical and climate risks exacerbate the situation, HSBC said.  “For some time now we have described global commodity markets as being in a ‘super-squeeze,’” its chief economist Paul Bloxham told CNBC.  A commodity “super squeeze” is denoted by higher prices driven by supply constraints more than a robust growth in demand, he explained.

“If it’s a supply constraint that’s driving high commodity prices, it’s a very different story for global growth,” said via Zoom. Higher prices as a result of a super squeeze are “not as positive.”

“We see the deeper ‘super-squeeze’ factors on the supply-side as still set to play a key role in keeping commodity prices elevated,” he said, outlining factors like political uncertainties, climate change and the lack of investments into the green energy transition.”
 
 Commodity markets are in a 'super squeeze'— higher prices may continue (cnbc.com)

Isn’t that exactly the value of domestic producers of metal over miners in the crosshairs of climate change?   I agree, in fact I think it obvious, that the squeeze on copper prices won’t come as a result of higher global consumption, but rather of increasingly limited supply.  We have created a global market based upon cheap transoceanic transportation of products from ports particularly vulnerable to extreme weather damage.   

Damage to ports in Chile and Mozambique have occurred last few years, and are susceptible to more frequent and destructive storms in the future.   China’s “Silk Road” is a result of its wish to reduce dependance upon overseas producers of metals and iron ore.  Lucky for us, NAFTA produces about everything we will need, and we can ship it by rail.

b.