Post by
nofluff on Jul 28, 2021 10:25am
Copper shortage in u.s.
Lme has a nice cushion. So ncu agreement is be able to keep there metal in country if they can find metal in europe.
That and flor should help.
nf
Comment by
nofluff on Jul 28, 2021 11:07am
Bhp has made final offer to there escondida miners that has to b voted on month end. That could pull a lot of copper off market. They produce 100 thousand tonnes per month. If they strike, copper goes to 6.00. It does not come down for a long time as markets r balanced so suppy gain would b unlikely. Happy guessing. nf
Comment by
nofluff on Jul 28, 2021 1:54pm
Lots of guessing. We will no about strike by saturday. I am guessing final draft before sept. Getting close to q2 release. Nice tko up day. nf