RE: Directors talk interview.7 Jun 2025 08:30
Which would you be in a expanding copper company with the largest copper waste dump in Zambia which has 260 million tons which require resources to develop
Hence the South Africa sell or just carry on as we are.
It’s obvious Copper will increase in value but chrome is volatile.
It will be interesting to see how much we make in profit this past year .
Not a lot I expect.
There were two reminders during the week on just why industry players and China - the world’s biggest consumer of the red metal – are jockeying for bigger positions in copper.
Trading house Mercuria’s chief forecaster Nicholas Snowdon told the LME Asia Week conference in Hong Kong that he was predicting a copper concentrate deficit this year of 700,000t and a 300,000t deficit for refined metal that could push prices to record highs.
“The copper market today stands in an acute state of vulnerability, and for us, it’s a question of when, not if, that this market moves into a state of scarcity that may well happen in the second half of this year,” Snowdon said.
Then there was the International Energy Agency warning that demand for copper is set to outstrip supply by 30% within the next decade, with security of supply further threatened by China’s growing dominance of the refining market.
The arrival of mergers and cash takeover bids, no less.
The premium bids within days of each other for Xanadu and New World has got the market thinking about which juniors have big resource bases that equity markets are undervaluing
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