RE: Copper forecast/sentiment becoming more positive22 Jul 2022 12:41
Croutom, Indeed - the diesel-refinery costs have more than doubled in Australia, but expected to significantly depreciate towards the end of the year; a welcome boon because it is a major contributor to the increase in AISC (I am aware of this only because I have just finished watching a presentation by a CEO of an Aussie gold producer in which I have invested.)
As for copper’s fundamentals, they remain undiminished: a decreasing number of copper mines, decreasing grades, and decreasing investment juxtaposed with increasing global demand for the move towards electrification - at some point, a shortage-panic will ensue.