Excess Supply - Casino UNNECESSARYhttps://www.mining.com/copper-stocks-are-building-again-weighing-on-prices/
Exactly as I've been saying to you all: Downward GROWTH revisions = NO NEED for this boondoggle!! PT remains $.30.
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China is facing many headwinds to growth and we have revised down our GDP growth expectations for many other key copper consuming regions, including Europe and the US. “Lower demand, coupled with our view that Chinese refined copper output growth will remain solid, is driving our view that copper stocks on both exchanges will end the year higher than at end-2021, weighing on prices.”