David Underwood

[David Underwood @DUnderwood65]

The #Nickel price is going Up 🚀 and so is consumption in EVs, just look at the global EV production nbrs. Battery manufacturers aren’t waiting until 2023 to buy their #Nickel when the much predicted supply shortage could start, they’re buying now, ahead of battery production 🧐

[zerohedge @zerohedge]

China has three options:

1. Concede defeat to whatever terms Trump demands
2. Devalue the yuan by 20-40%
3. Unleash biggest fiscal stimulus in its history (talking $2-3 trillion) which will push its debt off the chart

[FinancialJuice @financialjuice]

The White House is floating the idea of possibly launching a tariff investigation into critical minerals imports, according to a source.

[CN Wire @Sino_Market]

🇨🇳#BREAKING
CHINA FINANCE MINISTRY SCHEDULES OCT 12(SAT. 10:00 AM CST, 2:00 AM GMT) PRESS BRIEFING ON FISCAL POLICY AND ECONOMIC GROWTH.
#China $HSI $SHCOMP $KWEB $FXI $HXC $DRAG

[David Underwood @DUnderwood65]

This could now drag on….

[David Underwood @DUnderwood65]

https://t.co/lXRtEt9JXT

[Giovanni Staunovo🛢 @staunovo]

BHP-Union Talks Fail Again With Copper Strike in Second Day

Two sides couldn’t reach agreement over conditions for talks

Stoppage at Escondida mine in Chile is now in its second day

https://t.co/cIGvx1G9bn

[David Underwood @DUnderwood65]

Actually a higher production was due this year than last… every 30 days of strike = 100KMT of lost production

[David Underwood @DUnderwood65]

https://t.co/Rp5DCIkLod

[David Underwood @DUnderwood65]

@NatalieBiggs_C6 Loss of production will be 90KMT/Month

[David Underwood @DUnderwood65]

@BHRRC What’s the latest on the strike ?

[Business and Human Rights Centre @BHRCmedia]

Workers at BHP’s Escondida in Chile 🇨🇱 - the world's biggest copper mine - have rejected a contract offer & voted to strike.

The union reiterated demand for 1% of dividends for workers & criticised offer's extended work days & cut benefits. https://t.co/8PKBEIBMqd

[David Underwood @DUnderwood65]

@KellyAuCoin77 Show Axe your new stats 😂 Will get 🫵🏽 your old job back 💪🏻

[David Underwood @DUnderwood65]

@mburtonmetals Boots on the ground say complete relaxation ahead !!

[David Underwood @DUnderwood65]

@GNev2 Gary have a word…”Tell those @#10 not to put the clocks back next weekend….” It will save people an hours unnecessary use of lights and money… #savetheplanet “if they can decide on anything it might be to do this”…. 👍

[David Underwood @DUnderwood65]

Some positive news for #Copper Antofagasta H1 Copper Production 268.6K mt, Down 25.7% YoY
Vale Q2 Copper Output 55.9K mt, Down 23.9% YoY, Following Q2 Maintenance
Antofagasta Expects Lower Annual Copper Production After Pipeline Incident

[Neil Hume @humenm]

According to the S&P report, copper demand doubles by 2035 due to the energy transition. Given the long lead times and difficulties permitting new mines that implies huge deficits over the next decade. Up to 10mn tonnes unless productivity increases and scrap picks up.

[David Underwood @DUnderwood65]

https://t.co/l3W4tiT0Tc

[David Underwood @DUnderwood65]

A National strike = 7 mines = approx 1.6M MT/Yr production = approx loss 4400MT/ every day on strike

[David Underwood @DUnderwood65]

A National strike = 7 mines = approx 1.6M MT/Yr production = approx loss 4400MT/ every day on strike

[David Underwood @DUnderwood65]

https://t.co/iZf9JKbk9l

[David Underwood @DUnderwood65]

https://t.co/iZf9JKbk9l

[David Underwood @DUnderwood65]

https://t.co/ZXKyp56ae7

[David Underwood @DUnderwood65]

https://t.co/ZXKyp56ae7