DislikedKindly find attached International Copper Study Group (ICSG) Factbook for details on supply and demand. Supply deficit or surplus has a huge impact on prices. {image}Ignored
If in doubt, paddle out!
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Dislikedtush1822, you also need to research on supply as well when talking about commodities. Supply of all commodities has been increasing with good tech to mine same if for copper. Kindly find attached International Copper Study Group (ICSG) Factbook for details on supply and demand. Supply deficit or surplus has a huge impact on prices. {image}Ignored
While a lot will depend on what kind of stimulus comes out of China, copper is looking like there's some downside risk.
QuoteDisliked“The vast bulk of clients” are expecting relations between the two countries to get worse before they get better,
DislikedChina Industrial Production Preview. It's one of a handful of events that usually only impacts copper. The Chinese data is due out in about 90 minutes. If you're active in copper right now, you may want to take a look. Feedback is always welcomed. Good luck gentlemen!Ignored
Disliked{quote} They didn't do any volatility. We can relax and trade by chart now.Ignored
QuoteDisliked“For now we are maintaining [production] at 50%, but we are working towards 60%,” Codelco told Reuters.
Union representatives challenged that statement, saying Codelco was exaggerating its ability to produce amid the strike.
QuoteDislikedLiliana Ugarte, president of Union 2, one of three striking unions, said that Codelco had yet to approach the unions to reinitiate talks.
“On the contrary, Codelco is making things worse...by making statements that only serve to infuriate workers,” Ugarte said.
The mine produced 320,744 tonnes of copper in 2018.