Copper supply is collapsing as demand explodes.
- Indonesia: ~270 kt
- Chile: ~48 kt
- Canada: ~40 kt
- Africa: ~200 kt
That’s ~558 kt of lost supply...
the equivalent of wiping out the world’s third-largest copper mine.
Meanwhile, demand is accelerating:
- Electrification
- AI infrastructure
- Grid buildouts
This is the worst possible combination...
or the best when you are long copper
- Supply disappoints.
- Demand surprises.
That’s why copper remains one of my favorite long-term bets.
BREAKING: Copper prices surge to a new record high, now up +40% in 6 months
Every asset seems to be moving in a straight line higher.
This is not a coincidence.
#Copper - Huge copper shortage to pose ‘systemic risk’ to global economies, warns S&P
Group forecasts deficit of 10mn tonnes by 2040, equivalent to nearly one-third of current global demand
https://t.co/LMg2F8ifC1
$HOR reports final Phase 1 RC drilling at Motters, WA, confirms wide, shallow oxide copper zones up to 50m thick. Phase 2 drilling starts Jan, targeting extensions along strike and down plunge. Discussions on copper offtake and funding ongoing. Read more: https://t.co/xU3SxLBu0g
@Alcoa I would love to work for you guys, I live up the road from Huntley mine Western Australia. I have been in oil and gas for 25 years as a superintendent applied for a job and crickets. I would love to make the move to Alcoa im highly skilled and qualified all relevant skill sets.
$RLC.ax .02c = $high Grade $GOLD near $FRS and $KGD and #AS2 in WA
Reedy Lagoon pinpoints gold targets at Central Wheatbelt project https://t.co/Icv5cxTb8H
Look at these grades. $SCN going to be million ounce gold resource sooner or later. Largest land holdings in Murchison area. Market cap: just 8 million.
@MrBreakouts What about $HOR 2 to 3 billion market cap company in the making backed by mining entrepreneur Michael Fotios. Commencing mining anyway, drilling ongoing and offtake imminent.
@MrBreakouts What about $HOR 2 to 3 billion market cap company in the making backed by mining entrepreneur Michael Fotios. Commencing mining anyway, drilling ongoing and offtake imminent.
Horseshoe Metals Corporation (ASX: HOR) began 1,550m RC drilling at Horseshoe Lights to infill Motters oxide and test gold targets west of the pit. Offtake and funding talks with traders ongoing; site visits next week. #copper
Read more: https://t.co/gbkTXCSG59