Nevada Copper Corp NEVDQ

Copper Outlook

[Rational47]

:
We expect growth in industrial commodities markets to be led by a resurgence in China, where demand contracted in 2022 for most industrial metals. But supply is likely to be constrained, with Chile and Peru substantially underperforming in terms of mine production. We think copper has potential for long-term upside. With reopening, China is going to be spending money on its power grid and electric vehicles, which use a lot of copper. In the rest of the world, we also expect spending on the energy transition to speed up next year, further boosting demand for copper. We also like aluminum; its prices are likely to stay high because of the cost of energy to produce it.
   That was from Bank of America  analysists in 2023.  B of A forecasts US$11,000PMT in 2023.  That's US$5.00 a pound. 

[Rational47]

Here's Goldman Sachs take on copper: Goldman Sachs expects copper prices to hit record highs in 2023 Copper prices will soar to record levels in the next 12 months as a looming supply shortage coincides with rising demand, with spot supply turning into a deficit in 2023, Goldman Sachs said.

[joe0301]

This post has been removed in accordance with Community Policy

[bogfit]

"We expect growth in industrial commodities markets to be led by a resurgence in China, "   That is if the holiday there and the dispersal of tens of millions back to the countryside doesn’t result in the overwhelming deaths of the rural elderly and under vaccinated population.  The potential exists for a real major disruption in their recovery.   Wall Street is the worst