Post by
goldens on Sep 27, 2023 11:57am
Didn’t see this coming
Never would have thought we would be here. I thought copper consumption was supposed to increase but prices are basically collapsing yet production from the big boys is way down. This really is not good overall for when things snap back to reality and consumption picks up. The mines won't be able to keep up and prices will go through the roof. While it will end up being good for us it won't be for the overall economy. I would much rather see a stable price $4-4.50 than these wild swings. LME sitting with only 170,000 tons is still low if you look at long term. GLTA
Comment by
lechmeir on Sep 27, 2023 7:32pm
China's economic issues are playing into this. At some point their economy will pick up again, and copper will move.
Comment by
TimeTooSoar on Sep 28, 2023 9:46pm
How do you see what one production is sitting at?
Comment by
TimeTooSoar on Sep 28, 2023 9:47pm
Lme, spell check got the best of me.. is there a link to inventory levels?