RE: Re: Mr Copper17 Apr 2020 09:47
Scoop, I was reading one of the KAZ reports and they sell 65% of their copper produced to China and the rest is distributed over Europe.
My thoughts are that with other mines shut in South America it won’t take long for the copper stock pile to start getting lower, also if I was running a copper mine I wouldn’t be selling vast amounts into the market at these sihte prices, I would be letting enough out to keep income dribbling in then stock pile the rest until the prices increase a fair bit.
Based on the above theory copper prices will need to increase for companies to releas a lot more into the market