RE:RE:RE:RE: Wishing everyone a happy labour day holidaycaramba71 wrote: Not necessarily car/battery specific but in particular copper, lead, zinc, & aluminum.
Don't really track those other ones very closely Caramba but it looks like their stock levels are starting to climb. Keep in mind rising and falling stock levels are not necessarily indicative of prices falling or rising. There's a lot involved with storage and removal and Im not knowledgable enough to explain the process. However after a long move in one direction, it starts to reveal a trend. That's what I look for. That's where we're at with nickel. Inventories haven't stabilized yet. They're in freefall and we have a big tailwind with EV sales. If they don't stabilize soon, you'll see a huge spike in nickel price over several weeks or even just days, but that may lead to a collapse in nickel price. Not what I want to see... As far as copper specifically, I've heard it referenced as Dr. Copper(may indicate economic times good or bad). Basically they say copper price trends, precede what's going to happen with the economy. Rising trend good, and a falling trend after a huge run may indicate a reversal in economic times. Sorry I couldn't be more help but just some of the basics that I know.