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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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Message: Re: Copper demand outlook
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Mar 09, 2016 08:28PM
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Mar 10, 2016 09:35AM
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Mar 10, 2016 09:45AM
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Mar 10, 2016 10:07AM
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Mar 10, 2016 10:32AM

There is surprising inaccuracy when you look at the forecast for copper going forward. Some analysts have changed their outlook from surpluses of a couple hundred thousand tonnes, to a deficit of the same amount. Other than weather, I can't think of another business in which one is allowed to be wrong so often.

I think we will indeed see a deficit this year, or at least supplies will tighten to the point where later this year, we'll see copper above $2.50-$3.00. Looking at the LME, the supply is almost as low as it's been in the last 5 years. China's growth has slowed, but if they're growing at 6%, I have to assume they're using more copper than last year, and will use even more next year. They may be slowing down a bit, but it's like a heavy train with the brakes on. It's going to continue to move for quite a while in the same direction and worldwide economic indicators are showing signs of improvement too.

http://www.kitcometals.com/charts/copper_historical_large.html#lmestocks_5years

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Mar 10, 2016 07:30PM
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