Member Info for billybigwig

Copper1.. yeah give it a few days its july4th big American holiday this weekend so if copper keeps up this next week should be a big catch up

Wheres glencore trading 70p below where it should be in relation to copoer what's going on? has glencore stopped mining/trading copper then ?

B.U.L.L.S.H.I.T!!!!

So the rioting/peaceful protesters haven't had an effect on the virus spreading? Over a fooking career criminal...yesterday doctors and nurses die treating these fooking idiots and they get a fooking clap

This is long way off my £4.50 . .looks like I'll have to try and trade some and try and get the average down a bit further

Well its certainly in a range 3 03 to 3.16

Pippa peaches..have you thought about therapy? So much anger! ..

Yes indeed feel free to talk about BP

Do we really want China building nuclear power plants in the UK

We should fook the chinese economy off there are a corrupt bunch of basstards .

Bigbadbaz..your not kidding it used to be Russia and the USA now it's all china while everyone was arguing their crap out the Chinese have sneaked in building roads in Africa taking over or buying mines up to furnish their infrastructure cheaply cutting out expensive middle men and copying everone tech and selling it cheaper

Sneaky..my post was referring to the damage to world economies through China's very slow response to the virus outbreak causing all our economic problems ie lock down no flights no cars driving on the roads that are not essential travel all that has affected BP

Bigbadbaz...china has a lot to answer for smoke and mirrors release a virus while moving in on other peoples territory whilst stealing other countries technology whilst plagiarizing other people's goods ie trainers,phones the list is endless

Lol be glad you had a furlough a big rest ;-)) and like you say be glad you still have a job enjoy it matey

So as it stands then copper1 holding. .lolmc..holding ...billy holding you 3 of us ...

China has ruined the globe with this pandemic. The Chinese should have all their assets seized in the country's its affected as compensation

Markets
Copper Heads For Best Quarter Since 2010 as Supply Worries Mount
By Yvonne Yue Li
June 29, 2020, 12:08 PM EDT
Updated on June 29, 2020, 1:43 PM EDT
Copper rings made from copper electrolytic powder.
Copper rings made from copper electrolytic powder. Photographer: Andrey Rudakov/Bloomberg
Copper is poised for its best quarter since 2010, helped by optimism over a stronger-than-expected demand rebound in top consumer China and mounting supply concerns in South America.

The metal used in everything from automobiles to electronics has surged about 20% this quarter, and climbed above $6,000 a metric ton last week for the first time since the Covid-19 outbreak became a global pandemic.

Prices have rallied steadily over the past three months, fueled by sentiment over consumption prospects as first China and then other large economies began to ease lockdowns. While a new wave of infections adds risk to the demand outlook, the market is getting support from global economic stimulus and concern over mine shutdowns. A report Friday showed hedge funds cut bearish bets on U.S. copper futures and options to the lowest since 2018.

“The basis of the copper rally was three-legged,” said Tai Wong, head of metals derivatives trading at BMO Capital Markets. “The Chinese economic recovery, despite clear warning signs, has surprised strongly versus market expectations; Covid-related supply disruption has been growing rapidly; and traders were fairly short copper and were forced to grudgingly cover throughout the quarter and are now finally small long.”

Copper rallies on demand rebound in China and supply risks in South America
The metal for three-month delivery rose 0.1% to $5,961.50 a ton at 5:50 p.m. on the London Metal Exchange, its highest closing price in five months.

There’s growing risk to mining in top producer Chile given the continued spread of the virus there, Morgan Stanley analysts including Susan Bates said in a June 29 note. The bank estimates global mine-supply losses of 560,000 metric tons this year -- most of that due to Covid-19 -- and sees demand outstripping production amid mined- and scrap-supply disruptions.

Should be there now according to copper price

Eviking do me me proud too

Copper1.. afternoon so it's just us 2 then:-)) we'll get over £2 by xmas easy