TSX:TECK.A - Post by User
Comment by
cenderon Dec 07, 2015 8:05pm
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Post# 24363419
RE:At what point price..
RE:At what point price..Very hard to say but we do know Chile is currently paying a subsidy/top up to small/medium producers anytime POC falls below $2.50 , several medium size africa mines shut due to low price , codelco cut expansion plans by 20% along with most other large producers but that willl take years to effect actual supply . My focus is on demand in India and Africa where build outs of power grids are just getting started and will continue growing rapidly over next 10 years . I know India is using 20-30% more copper than last year and could be the reason we do not see the world copper stockpiles rising .