Post by
DrHoliday on Mar 08, 2022 3:57pm
Honey, I shrunk the copper inventories!
Check out these charts, because supply will be constrained when demand keeps ramping up while existing inventories decline partly because of sanctions against Russian exports to the west. Certainly, there will be a black market where purchases are not reflected in LME stockpiles.I am not sure if we can trust the inventory numbers as stated by the exchange.
https://www.kitcometals.com/charts/copper_historical.html
Comment by
CatoCan on Mar 08, 2022 4:53pm
Wow interesting. Didn't realise how much of these metals Russia exported. I imgine this will screw up the supply chain even more then it already is. Does anyone know the timeline for new projects to come online to deal with this shortfall? I imagine it will take quite a while.