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Katanga Mining Ltd, through its subsidiaries, is engaged in copper and cobalt production activities in the Democratic Republic of Congo (DRC). Specifically, the company explores and develops properties with potential copper and cobalt yields operate mining and processing facilities that produce copper and cobalt and holds a portfolio of other mines that may be developed in the future.

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Katanga Mining Ltd Ord > Copper Prices May Take Off as Supply Tightens

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Post by Sogosohubidu201 on Aug 16, 2019 5:11pm

Copper Prices May Take Off as Supply Tightens

https://www.barrons.com/articles/kraft-heinz-stock-falls-after-finally-filing-quarterly-reports-51565709856

World refined copper is expected to see a deficit of about 190,000 metric tons in 2019, with that deficit widening to 250,000 metric tons in 2020 as refined production lags behind usage, according to an International Copper Study Group report released in May.

“Delays in production from the large Oyu Tolgoi underground copper/gold mine in Mongolia” suggest a potential supply risk for copper concentrates, says Joe Mazumdar, an economic geologist and co-editor of Exploration Insights.

An Aug. 9 U.S. Commodity Futures Trading Commission report showed net positions for large speculators in U.S. futures markets at minus-58,400 contracts as of Aug. 6, according to Investing.com.

“They are overwhelming[ly] short copper,” Badiali says. “Everyone is on one side of the boat....When they have to cover, there will be a ridiculous rally in copper prices.”

Copper’s real driver will be “the adoption rate of alternative energy and electric vehicles,’’ he says. “If the trend is real, then we are watching the birth of an epic bull market in copper.”

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