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As if you didn't already know :-))
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Op-ed: Short supply ahead, as world’s appetite for copper grows
Apr 1, 2021

ERG's Frontier copper mining and processing facility
2021 is shaping up to be a year of significant deficit in the copper market as tighter-than-expected supply struggles to keep up with a radically improved demand outlook, underpinned by unprecedented levels of ‘green’ stimulus.

We expect copper demand growth outside of China to be a key driving force this year. The global industrial recovery is picking up pace, with macro indicators across several key copper consuming nations showing strength. Recent manufacturing PMI readings in the US, Europe, Japan, South Korea and India have entered expansionary territory.

AUTHOR: Benedikt Sobotka, CEO of Eurasian Resources Group

The approval of the USD 1.9bn stimulus package in the US, as well as green stimulus measures across the EU countries, will also provide a boost to copper demand, effectively bringing forward the green energy boom by several years.

Overall, we see the current period as the preamble to a prolonged phase of above-average copper consumption growth, especially in Europe and the US, where demand has been broadly stagnant over the past decade.

In China, the strong recovery from the coronavirus pandemic is set to continue this year. The world’s largest consumer of copper has recently unveiled its 14th Five-Year Plan, which is highly supportive to copper demand. In particular, the Plan’s focus on rural revitalisation, decarbonisation and pledges to advance infrastructure construction, transportation, power, green energy, digital development and technological innovation are set to underpin strong copper demand growth.

Distracted by changing of the guard

Dan its very expensive to start a new copoer mine and no one is investing in new development...chille and the likes are having to dig out more lower grade copper to make it pay pretty soon thatll have a knock on affect increasing the overall price of copper .medium term ..I. mean who is actually investing in new copper mines?

Dan copper may drop a little short term but the out look is up for sure ive text a month or so ago that copoer looks to be going to hit new highs im not tbe only one most of the analysts have copper going higher troajan is in tbe same frame of mind too ...let's see meanwhile we have half of 2019 divi to look forward too woohoo! :-( it's still not to be sniffed at

perceive the company to do ...predictive text is bullship!

Glencore is in a better place than when it last hit £4.17 so I would presume £4 will get taken out at some point this year ..£4 is feck all for a company with so many fingers in so many pies .. some one once said glencore will be able to ride out downward markets (ivan glazenburg) that didn't stop it dropping all tbe way down to £1.12 last year so its got naff all to do with the company but how people persevere the company is going to fare .. which was fecking awesome with that first 6 months of 2020 they made a fortune in oil alone better than the whole of 2019...and yet glencore is still under £3 try and figure that one out

About fecking time! happy? Ill be fooking ecstatic :-)))

Geeze. Did you go with pete to that gypsie fortune teller?.. :-))

:-)))

:-(

Troajan who the hell is ..archibald smigglesworth? :-)))

Troajan..who the hell us ...archibald smigglesworth?

(Reuters) - China generated 53% of the world's total coal-fired power in 2020, nine percentage points more that five years earlier, despite climate pledges and the building of hundreds of renewable energy plants, a global data study showed on Monday.

Although China added a record 71.7 gigawatts (GW) of wind power and 48.2 GW of solar last year, it was the only G20 nation to see a significant jump in coal-fired generation, said Ember, the London-based energy and climate research group.

China's coal-fired generation rose by 1.7% or 77 terawatt-hours, enough to bring its share of global coal power to 53%, up from 44% in 2015, the report showed.

Troajan wish it would get moving the suspense is killing me :-))

Dow futures going up copper down

Dan..the thing is with glencore too analysts can't figure the company out as things can be hidden and written off you can see what set of figures and they are smoke and mirror . A lot if downward pressure was put on the SP with the threat of the SFO this was well over done its a fine a best but it was played out like the company was going to go bust if your long term buy and hold have a target you want to exit if your a trader its day tradersxdelight when you get it right

QZfor the majority of my dealings trade im going with that plan snatch and grad its a profit or loss realised on the day or week

Debt reduction to 2.5 billion as they have indicated over next few years and glencore if they do what they say they are going to do will have glencor way higher than this paying axwhopping dividend.. but unfortunately as we all know too well there are hidden surprises pandemic...SFO ..dodgy traders ...and so on

Zero debt is impossible glencore needs a revolving debt of some sort hence the banks was quing up to finance them and still do and will...they borrow 2 billion for oil say 2 billion for grain 1 million for copper that's a debt its paid off straight away as these goods are sold and a profit is made now times this by millions s of trades/deals a day or week or month and on tbe books they are 15 billion in debt reducing that debt by financing there selves yes thats possible but at some point they would borrow if they have no surplus cash for the right deal

Glenda £4 by Xmas ? :-))))) by August 2020 you mean I'm banking on £4.20s with bo hiccups or surprises