Bullboard - Stock Discussion Forum Entree Resources Ltd T.ETG

Alternate Symbol(s): ERLFF

Metals & Mining Industrial Metals & Minerals

Entree Resources Ltd. is a Canadian mining company. The Company is focused on the development and exploration of mineral property interests. The Company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a... see more

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Entree Resources Ltd > Copper Warehouse Imbalances

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Post by Countrygent on Jun 26, 2024 1:42am

Copper Warehouse Imbalances

Warehouse inventories of refined copper are surging in Shanghai and LME, but remain extremely tight in the CME. The reason is likely embargoes and sanctions against certain Chinese and Russian producers and their brands.

The excess inventories in London and Shanghai are not easility reaching the US trading market and effect of preventing free movement of all inventory.

It remains to be seen what effect these stockpiles in the LME and Shanghai warehouses will have on the spot market. Mid-term price curves remain tilted up.

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