Re: Long Industrial Metals: The 2nd Best 'Trade Of The Year', After Oil

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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cpositan

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Re: Long Industrial Metals: The 2nd Best 'Trade Of The Year', After Oil

in response to

Long Industrial Metals: The 2nd Best 'Trade Of The Year', After Oil

NotSoQuick

posted on Jan 30, 2016 05:53PM

A recent survey of analysts polled by Reuters shows that Zinc will be one of the top performer commodity in 2016 due to an estimated global deficit of 53,000 tonnes in 2016 and 275,000 in 2016.

So which is it? 53 K tonnes or 275 k tonnes?

The reduction in supply could cause prices to spike in 2016, said the International Copper Study Group who revised down copper production forecasts in October 2015, and said that there will be 130,000 million tonnes deficit in 2016.

Are they really saying there is going to be a deficit of 130 Billion tonnes in 2016? As far as I know the global yearly market for copper is 22 M tonnes. That would be quite the uptick in demand...