RE:RE:RE:Nice Uptick in Copper TodayStar Searcher,
Guarantor flips out every once in awhile. I'm not sure why. Personally, I enjoy some of your posts on the trading action. There is something like 24 million tonnes of refined metal produced each year. Roughly half that is used by China. So, while demand from EV will pressure overall supply, a million extra metric tonnes only represents about 4% of global usage. The biggest factor by far is still global economic health, and maintaining China's continued forward growth momentum. We talk about political risk. But the most important risk on, risk off factor for copper is China.
Copper = China.
Here is a nice link that provides stats on global copper supply and use:
https://www.icsg.org/index.php/component/jdownloads/finish/113/2458