Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa... see more

TSX:IVN - Post Discussion

Ivanhoe Mines Ltd > Codelco lowers 2022 copper production outlook
View:
Post by chintzy on Aug 28, 2022 5:30pm

Codelco lowers 2022 copper production outlook

@PauloMacro posted this article on Twitter

https://www.mining.com/web/codelco-lowers-2022-copper-production-outlook/

And commented:


While everyone was busy parsing JPow and selling the cr@p out of everything, many may have missed how the world’s largest copper miner Codelco cut 22E production guidance by another 100kt, to 1.5mt (was 1.7mt in June).

That makes over 650kt of announced guidance production cuts for Cu miners so far this year from visible, trackable production. Cu production fell -3% in 1H YoY but miners are still guiding +1% for 2H YoY… ie +8% HoH… That’s just not fuking happening



In comments the recent price drop was compared to pushing a beach ball underwater, the more it goes down and stays down the higher it'll get shot up.

Capital is avoiding Chile and Peru now due to potentially hostile govts., problems with social license, low Cu price, water, who wants to invest in desalinization with this uncertainty. All these problems and now sustaining capital will become more scarce and development of new projects reduced. This is %40 of world supply that is troubled - to our benefit.
Comment by Drksideofmoon on Aug 29, 2022 12:23pm
Check out the Kitco chart of shrinking copper inventory.  https://www.kitcometals.com/charts/lmewarehouse.html
Comment by chintzy on Aug 29, 2022 2:14pm
And this
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse