The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Robert Friedland
28m
@robert_ivanhoe
Morgan Stanley on #copper: Perennial #copper supply deficit materializing. As of mid-2023, our house view was that the #copper market would be in a slight surplus in 2024 and 2025. On the back of widespread #copper concentrate supply disruptions and delays in the ramp of new mine projects, the #copper supply balance has changed quickly and our commodity team is now forecasting a shortfall in 2024 and significantly higher deficit conditions throughout the rest of the decade.
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#Copper TCs were fairly stable last year, averaging ~$84/t, but they declined rapidly over 4Q23 to a current spot of ~$9/t. This highlights that the concentrate supply stress that has been building in the past few months will finally start to tighten the refined #copper market. Against this backdrop, our commodity team is increasing its price forecasts to $4.38/lb in 2024 and $4.41/lb in 2025.
Now 4.1593
https://invst.ly/14128k
Now 4.1593
https://invst.ly/14128k
Copper rallied above $9 000 a ton — its highest level in 11 months — as investors react to the risk that global supply challenges will tilt the market back into deficit.
The metal, seen as a bellwether of the global economy, has surged this week after smelters in China held a crisis meeting on how to cope with a sharp drop in processing fees following unexpected disruptions to supplies of mined ore. Increasingly, investors are also warming to the idea that the worst of a global downturn is past, particularly for metals like copper that are finding growing usage in electric vehicles and renewable energy.
https://www.miningweekly.com/article/copper-resumes-rally-toward-9-000-as-china-supply-tightens-2024-03-15
Vast Resources PLC
@vast_resources
·
3m
“…Copper rallied above $9 000 a ton — its highest level in 11 months…”
We have #copper concentrate produced at the Company’s 100% owned Baita Plai Polymetallic Mine in Romania.
#VAST $VAST
https://t.co/UXeWOAyrfP.
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Copper futures 4.1203
https://invst.ly/140v6b
Vast Resources PLC
@vast_resources
·
3m
“…Copper rallied above $9 000 a ton — its highest level in 11 months…”
We have #copper concentrate produced at the Company’s 100% owned Baita Plai Polymetallic Mine in Romania.
#VAST $VAST
https://t.co/UXeWOAyrfP
4.0113
+0.0793(+2.02%
-
https://invst.ly/13yypb
4.0122
+0.0802
(+2.04%
-
https://invst.ly/13yyng
#Copper futures 3.9216
⬆️ + 1,2%
https://tvc-invdn-com.investing.com/data/tvc_fea20fd1703d8a98e7c7fbea5e22cd45.png
#Copper futures 3.9216
⬆️ + 1,2%
https://tvc-invdn-com.investing.com/data/tvc_fea20fd1703d8a98e7c7fbea5e22cd45.png
Would help to know how many read this by tick on recommend button Thanks
19 Sep 2023
https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history/MzM5MzY0NjQ2OWFkaXF6a2N4/document?format=pdf&download=0
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Notice of extension of period of Administration
Feb 20-- 2025
https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history/MzQwNzkyODc4NWFkaXF6a2N4/document?format=pdf&download=0
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https://find-and-update.company-information.service.gov.uk/company/05139892/filing-history
Our Campaign
This campaign is a call to action to protect GDC, a cornerstone of Cameroon's energy sector, from foreign legal challenges that risk its existence. By joining us and signing our petition, you are standing up for Cameroonian jobs, ensuring energy security, and defending our national sovereignty. We believe in a Cameroon where our resources are managed by and for Cameroonians, and your support is crucial in this fight.
https://www.savecameroonianjobs.com/about-us
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Petition https://www.savecameroonianjobs.com/
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Hundreds of Cameroonians employed by Gaz du Cameroun, GDC, are reported to be at risk of losing their jobs while clean energy supply to critical businesses and government structures might also be in jeopardy in the nearest future. The disturbing development follows plans by US Based RSM Production Corporation embarking a legal onslaught against Gaz du Cameroun known as GDC.
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https://assets-global.website-files.com/656f312e7bb2da8a68b73576/656f324e2b5ed040d42d7479_Screenshot%202023-12-05%20at%2014.23.07-p-1080.png
Cont,d
“Remember, this isn’t just about defending a company; it’s about safeguarding our nation’s economic stability and protecting the livelihoods of thousands. The actions of one individual in the US should not dictate the destiny of countless Cameroonians,” the platform beckons.
GDC, it should be said, provides alternative energy to Cameroonians for breweries and it is also helping to dilute the electricity deficiency in the country as it provides an alternate solution to high consumers to get electricity for their production.
The company has successfully operated within Cameroon since 2009 and has unlocked the country’s energy resources to supply the local economy in Cameroon with gas and electricity, whilst RSM has benefitted financially they intend to play no part in further development and seemingly are not concerned about the future of Cameroon or Cameroonians employed in a viable company.
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GDC primarily supplies major industrial customers, including GUINNESS, DANGOTE, SABC, CHOCOCAM, CICAM and CAMLAIT, among others.
In 2015, GDC signed an agreement with national power provider ENEO, to replace Heavy Fuel Oil (“HFO”) usage at power stations in the area, with a cleaner alternative: natural gas.
GDC has long-term gas supply contracts with customers who use gas for a variety of different applications. In early 2016, VOG added to its 20km exploitation license at Logbaba, with the assignment of 75 percent of the neighbouring 1,235 square kilometre exploration block, Matanda, increasing its footprint in Douala, Cameroon.
GDC has secured its position as a dominant gas supplier to industries in Douala. The company is focused on a “pure gas” sales model, delivering a consistent cleaner fuel source to a diverse range of markets and applications.
Fears are rife that Cameroon’s renewable energy strides, as well as thousands of lives, could be lost if the situation is not arrested.
If the feared scheme goes through, hundreds of Cameroonians risk losing their direct jobs, while thousands of others who are indirectly recruited through the activities of GDC will not also be spared. The move also threatens Cameroon’s clean energy supply to critical businesses and government structures.
By Andrew Nsoseka
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https://www.atlanticchronicles.com/saving-gaz-du-cameroun-cameroonians-launch-campaign-platform-to-defend-companys-existence-livelihoods/
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Think most holders have given up not many posting here
Saving Gaz du Cameroun: Cameroonians Launch Campaign, Platform To Defend Company’s Existence, Livelihoods
written by Atlantic Chronicles January 6, 2024
A platform, #SaveCameroonianJobs.com, has been launched to facilitate the campaign aimed at saving Gaz du Cameroun and the thousands of people whose livelihood depends on the company, either as direct employees, indirect employees, or service users.
The campaign themed, “Join the Movement: SaveCameroonianJobs Launches to Defend Our Livelihoods” is currently on course, and is urging all” to stand together against an external threat that endangers our livelihoods and our nation’s progress”.
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Those spearheading the campaign say hundreds of Cameroonians employed by Gaz du Cameroun, GDC, are at risk of losing their jobs while clean energy supply to critical businesses and government structures might also be in jeopardy in the near future.
It further notes that the disturbing development follows plans by US-based RSM Production Corporation embarking a legal onslaught against Gaz du Cameroun known as GDC, which threatens jobs and energy security in Cameroon.
SaveCameroonianJobs.com, a platform dedicated to the fight to protect Cameroonian jobs, interests, clean energy and sustainability of enterprises depending on the GDC, is now up and running. It is serving as a rallying ground for all forces dedicated to keeping GDC from being crumbled.
So far, the platform, among other things, contains detailed information about the threat posed by the legal actions of RSM Production Company and its potential impacts on GDC, employees, and community initiatives.
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It also indicates clear guidelines on how people can contribute to the cause, including signing petitions, participating in community forums, and spreading awareness; regular updates on the situation, including any legal developments, community impacts, and responses from both local and international bodies; testimonials from employees, community leaders, and citizens affected by this crisis, putting a human face to the statistics; materials to help advocate effectively, including social media kits, informational brochures, and contact lists for key stakeholders.
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Rallying Cry To Drum Up Collective Action
The leaders of the campaign are urging Cameroonians to rally together and make their voices heard in order to prevent the looming danger to Cameroonian workers, companies who depend on the GDC, as well as persons who depend on those companies too.
“Now, more than ever, your voice matters. Visit SaveCameroonianJobs.com, and join this vital campaign. Sign our petition to show your support, share your story if you’re directly affected, and use our resources to educate others and mobilize support.
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Cont,d
Was watching trades go through on Yahoo finance and Volumn jumped from 650 m to 860 m
& closed & 878 m
VAST.L 0.1325 +0.0100 +8.16% GBp 4:28PM GMT 878.176M
But on https://www.londonstockexchange.com/stock/VAST/vast-resources-plc/company-page
shows as
Volume
231,625,515