Teck President says....Teck CEO sees structural deficit in Copper that is unavoidable come second half of 2019.
Global copper stock piles are plummeting through all time lows!!
All this means great great things for Copper demand!! If prices are roaring and our deposit is growing. The only place we have to go from here is up up up and away! Blue sky potential here boys and girls!!
https://www.mining.com/web/acquiring-selling-mining-leaders-talk-2019-plans/ Don Lindsay – Teck Resources
“We have five other copper projects, and there are many companies that are interested in either buying them from us or partnering with us,” says the CEO of Canada’s largest diversified miner, which sold a stake in its Quebrada Blanca phase 2 project this month.
Markets:
Copper market likely to remain “balanced” in $2.75-$3.00/lb range for first half of 2019 Structural deficit to take effect in second half “There’s not much the industry can do to fill that gap, and that should lead to stronger prices later” Deficit could be 4 million tons/year by 2027, assuming conservative 1.8 percent annual growth in copper consumption, equivalent to “13 QB2s”