Katanga Mining Ltd Ord KATFF

Copper supply shortfall 155kt first 4 months of 2019

[Sogosohubidu201]

 

David B - Mining & Fintech stock rocketeer‏ @DShox1 Sep 1

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#Copper supply shortfall 155kt first 4 months of 2019 vs -64kt same period 2018 from ICSG; Goldman Sachs - market "has not priced this tight supply story yet" & "relatively empty project pipeline will lead to weakest supply growth in a decade, on a three-year rolling basis".

David B - Mining & Fintech stock rocketeer‏ @DShox1 Sep 1

More

#Copper supply shortfall 155kt first 4 months of 2019 vs -64kt same period 2018 from ICSG; Goldman Sachs - market "has not priced this tight supply story yet" & "relatively empty project pipeline will lead to weakest supply growth in a decade, on a three-year rolling basis".

[bobsacramento]

I think this supply shortfall has been impacted weakened demand. Have you found any news addressing the weakening demand?

[Sogosohubidu201]

Supply shortfall is caused by weak copper price, high production costs and continue declining in copper grade among major copper mines. Dr. Copper tries to price copper for major global recession and slowdown now and in the future. But copper demand is still pretty good, and thus copper demand more than supply so far this year.

[patels96]

LME stock flows remain busy, and copper stocks totaled 318,675 tonnes on Thursday, down slightly from 337,675 tonnes on August 30 amid stronger outflows. In addition, the proportion of stocks booked for removal has increased to 34.2%, from 9.3% on August 20, following a strong rise in cancelations, which points toward a pick-up in seasonal demand. Meanwhile, the LME cash/three-month spread was