Mining.com: Copper short squeeze in New York is rocking metals markets

May 17, 2024

https://www.mining.com/web/copper-short-squeeze-in-new-york-is-rocking-metals-markets/ Bloomberg News | May 16, 2024 | 7:45 am Intelligence Markets USA Copper  Credit: CME Group A massive dislocation between the prices for copper traded in New York and other commodity exchanges has rocked the global market for the metal and prompted a frantic dash for supplies to ship to the US. The source of the disruption is a short squeeze that has driven up prices on the Comex exchange in...

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Mining.com: Copper price touches $10,000 again as Goldman sees ‘stockout’ risk

May 8, 2024

https://www.mining.com/web/copper-price-touches-10000-again-as-goldman-sees-stockout-risk/ Bloomberg News | May 7, 2024 | 7:09 am Intelligence Markets USA Copper  Stock Image. Copper briefly traded through $10,000 a ton as investors raised bets on Federal Reserve rate cuts, and Goldman Sachs Group Inc. warned of intensifying supply stress. Metals joined a wider rally in risk assets after soft US jobs data triggered renewed speculation that the Fed will move to lower rates this...

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Gold BUY signals are blaring

Dec 30, 2023

Gold BUY signals are blaring New drilling results from a 5-mile stretch of land in rural North America have legendary precious metals investor Eric Sprott calling it “one of the greatest gold discoveries in history.” Buried at incredibly shallow depths are 1.6 million ounces of high-concentration gold ore worth $2.4 billion… A number that’s about to go nuclear due to Big Tech’s demand for gold massively outstripping supply. If you invest in the tiny firm that owns...

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Mining.com: A copper bug asks ‘who got copper’?

Dec 20, 2023

https://www.mining.com/web/a-copper-bug-asks-who-got-copper/ Rick Mills – Ahead of the Herd | December 19, 2023 | 2:20 pm Intelligence Markets Copper  Stock image. The copper price has climbed to within spitting distance of 4 bucks a pound, on news that the Federal Reserve’s interest rate-hiking cycle is likely over and a weakened US$. Increased demand for copper to a loosening of monetary conditions is one reason to be bullish, but copper bugs like us at AOTH know the...

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The World’s Copper Supply Is Suddenly Looking Scarce

Dec 15, 2023

The World’s Copper Supply Is Suddenly Looking Scarce Panama closure, Anglo American cuts have upended 2024 outlook Copper was expected to be in surplus in the coming years The sudden removal of around 600,000 tons of expected copper supply would move the market from a large expected surplus into balance, or even a deficit, analysts say. By Thomas Biesheuvel December 11, 2023 at 12:59 PM EST   A forecast surplus of copper going into 2024 has suddenly all but disappeared. The next...

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Mining.com: Dwindling copper supply from Panama and Peru could wipe out global surplus in 2024

Nov 30, 2023

https://www.mining.com/web/dwindling-copper-supply-from-panama-and-peru-could-wipe-out-global-surplus-in-2024/ Reuters | November 28, 2023 | 10:15 am Intelligence Markets Latin America Mexico and Central America Copper  Cobre Panamá mine. (Image by First Quantum Minerals). Reduced supply from major copper producers Panama and Peru may flip the global copper market into a deficit from surplus in 2024 or at least tighten oversupply if the disruptions are not resolved in coming...

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