Post by
Sogosohubidu201 on May 31, 2019 11:41am
Copper market faces larger shortages, supply issues simmer
https://www.reuters.com/article/us-metals-copper-idUSKCN1T014H
“This year we’re forecasting a refined metal deficit of about 270,000 tonnes,” said BMO Capital Markets analyst Kash Kamal. “The tight concentrate market can be seen in treatment charges which on a spot basis are currently below $60 a tonne compared with $95 in December.”
Comment by
Lech1988 on May 31, 2019 12:27pm
These days no one cares about fundamentals unfortunately. Copper price swings are caused by fast money reacting to trade war headlines and Trump's spastic tweeting. Sorry, not trying to be negative but its reality right now.
Comment by
Sogosohubidu201 on May 31, 2019 12:41pm
@lech: “In the short run, the market is a voting machine, but in the long run, it is a weighing machine” - from Warren Buffet - Benjamin Graham
Comment by
MrIceman on May 31, 2019 1:49pm
True, it's about time to start to accumulate this stock. If I were you, I'd take advantage of this crazy low price level. At CAD 1.45 you wish you had bought sooner.