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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: Copper demand outlook

Thanks for the links.

I have been wondering for the past few years when the market would shift it's attention away from the demand slow down in China to the looming supply crunch. Although we are a ways away from the general market noticing this - the recent copper price increase is a hopeful sign that more investors are.

It also seems to me that the market should be thankful if there is a bit of a surplus for the next year or two because of the likely upcoming deficit. The reason I say that market should be thankful is because it takes many years to start up a mine - so any deficit can't be met quickly. Although, I'm not even sure if we will see a deficit for 2016 - we haven't started off that way this year. The LME inventory is down considerably from a year ago.

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