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Copper, Discussion
blacksheep
post Posted: Dec 6 2018, 10:37 AM
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What does China's Belt and Road Initiative mean for copper?
BHP's presentation - China’s Belt and Road Initiative, episode three: copper bottomed
https://www.bhp.com/media-and-insights/pros...copper-bottomed?



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The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 23 2018, 09:40 AM
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Copper benchmark deal signals shifting supply dynamics in 2019: Andy Home
Reuters | about 6 hours ago |
extract - see link for full details - http://www.mining.com/web/copper-benchmark...2019-andy-home/
QUOTE
Copper supply has surprised this year, but not in the way everyone expected.

It was supposed to be a year of mine disruptions, with the market anticipating that multiple labour contract expiries would result in at least one strike, and possibly more.

In the event there was none.

By copper's standards it has been a remarkably smooth year for mine production, leaving analysts struggling to fill the customary collective allowance for disruption in their forecasts.

There has been plenty of disruption, but it has taken place at the smelting-refining stage of the copper production chain, roiling the refined metal market and allowing smelters to feast on a rare abundance of raw materials.

This dynamic looks set to change again next year, judging by the benchmark copper concentrate terms set by Chilean miner Antofagasta and China's Jiangxi Copper.




--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 15 2018, 01:32 PM
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Posts: 5,115
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Chinese copper smelters look to mine investment to secure supply
Reuters
QUOTE
SHANGHAI – Chinese copper smelters are looking to make more investments in mines, pushing to shore up supply of concentrate at a time when competition for the raw material is heating up, industry executives said on Wednesday.

China is the world's biggest consumer of the metal but its own copper mine production has been stagnating amid a broad crackdown on pollution, exacerbating a heavy reliance on imports.


QUOTE
Xiangguang is looking at potential investment in mines in South America, Europe and some African countries with stable political environments, Qi told Reuters on the sidelines of the conference.

http://www.mining.com/web/chinese-copper-s...-secure-supply/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Nov 11 2018, 11:39 AM
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Posts: 5,115
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Top copper miner's output slump adds to worry on metal shortfall
Reuters | a day ago |
QUOTE
A tight copper market may be set to get a lot tighter, if a report this week from the world’s biggest miner of the metal is any indication.

Santiago-based Codelco posted the lowest quarterly copper production this year in the third quarter, according to Chile copper agency Cochilco. The company reported declines across all of its mines in September as ore grades fell an average of 5 percent in the first nine months of the year.

The decline in ore grades compounds supply troubles after a commodities price slump that ended in 2016 made miners skittish about expanding their operations in Chile, the world’s largest copper supplier. At the same time, mounting trade tensions are prompting mining companies to delay big expansion projects amid uncertainty about the outlook for demand.


read more - http://www.mining.com/web/top-copper-miner...etal-shortfall/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Oct 2 2018, 02:46 PM
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Posts: 5,115
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Copper’s Dirty Secret
Commodities | 1:07 PM
Katusa Research outlines a number of reasons to be bullish on copper, including one little known market secret.
extract
QUOTE
Copper’s Dirty Secret – What Majors Look for in World-Class Projects

It’s called “clean concentrate.”

Copper concentrate is what a miner sends to a smelter after the rock that contains the copper is crushed and ground. Following that, the copper is extracted and concentrated.

The smelter turns that copper concentrate (which is usually anywhere between 22.5 – 30% copper) into the copper we use in buildings and manufacturing.

When a copper producer sends its concentrate to a smelter, it can contain nasty stuff like mercury, arsenic, and antimony.

When copper concentrate has high levels of these “nasties,” it is called “dirty” concentrate.

A producer can get “penalized” for dirty concentrate (meaning it gets less per pound of copper than it does for “clean concentrate”). And some smelters flat out refuse dirty concentrates when there is an excess supply of it.

The global smelters are in high demand for “clean concentrate.”

You probably didn‘t know this, but for years, smelters have been dealing with this secret by “blending” the dirty concentrate with clean concentrate.

Chile is the world’s largest copper-producing country. And its giant Escondida mine is showing higher nasties compared to when it first started producing many years ago.

Many of the large copper-producing mines will go through the same thing.

The Asian smelters who are now dealing with a high supply of dirty concentrate can dictate smelting fees, which means the dirty concentrate producers are getting slaughtered. This means that BHP, Rio Tinto, MMG, and Freeport are all dealing with this very dirty secret.

Nobody is talking about this, but they will be soon.

This is a small nuance that can have huge effects on a copper investment. A company can have a lot of copper in the ground, but dirty concentrate production can kill it. And your investment.

Smelter logistics play another important role. Where will the copper company send their copper concentrate to? Access to a port is just one of the many concerning issues to check off the list.

What happens if the closest smelter already has enough copper concentrate? This will mean additional transportation costs and lower copper producer profits.

To sum it up I am very bullish on top-tier, world-class copper deposits that have the following qualities:

Low-cost production,
Clean concentrate,
Located in safe jurisdictions.

It’s by owning assets with those qualities that safe, large capital gains will be made. It’s by owning those assets that copper investors can make a fortune in the electric vehicle boom.

And, as the metallurgy and the geology changes, copper has a lot more impurities in it. So, the copper price the producer receives will be subjected to additional penalties stemming from down blending and treatment charges by the smelter.

Smelters are going to need clean concentrate to blend with this dirty concentrate.

You’ve got to know what the final product is. It’s not just geology. It’s not just the engineering, the logistics, and the cost.

You have to understand the metallurgy.


read more - https://www.fnarena.com/index.php/2018/10/0...s-dirty-secret/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Sep 23 2018, 09:32 PM
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Posts: 5,115
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METALS-Copper surges in biggest one-day gain since 2013
Peter Hobson
Published 12:51 PM ET Fri, 21 Sept 2018

QUOTE
* U.S., China tariffs set at lower rates than expected

* China pushes ahead with economic stimulus

* Copper stockpiles fall, market in deficit

* Nickel rises 5 percent, smashes through technical levels (Updates with closing prices)


read more - https://www.cnbc.com/2018/09/21/reuters-ame...since-2013.html



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington

Said 'Thanks' for this post: early birds  
 


blacksheep
post Posted: Jun 29 2018, 07:31 PM
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In Reply To: blacksheep's post @ Jun 15 2018, 08:34 PM

Rio Tinto ready to splash out on copper
29, 2018 / 4:00 PM
By Barbara Lewis and Clara Denina
QUOTE
* Rio Tinto needs copper to reduce its reliance on iron ore

* Miner ready to pay 30-40 pct premium for prime asset - source

* ‘Future metal’ copper used in electric cars, renewable energy


https://www.reuters.com/article/rio-tinto-c...r-idUSL8N1TS0ZG



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Jun 15 2018, 08:34 PM
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Presentation by Michael McCrae on Copper at the recent Vancouver Resource Investment Conference - his presentation is around the 1 minute mark and talks about an upcoming copper supply deficit
Cambridge House International Inc.
Published on May 25, 2018
https://www.youtube.com/watch?v=y-LhT6zV1FM



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 11 2018, 08:58 PM
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Posts: 5,115
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Copper supply crunch earlier than predicted — experts
QUOTE
Copper demand will surpass supply earlier than expected, with the first clear signs coming as early as next year, experts attending the 17th World’s Copper Conference being held this week in Santiago, Chile, said.

According to Arnaud Soirat, chef executive for copper and diamonds at Rio Tinto, increased consumption from new technologies, including electric vehicles, will drive demand for the metal and its by-products, he said.

“We anticipate global market supply and demand will keep close to balance in 2019 and 2020,” he said, noting that after that the deficit will become increasingly evident.

The outlook is widely shared by other experts, including CRU analyst Hamish Sampson. According to him, unless new investments arise, existing mine production will drop from 20 million tonnes to below 12 million tonnes by 2034, leading to a supply shortfall of more than 15 million tonnes.

The situation looks even worse when considering that over 200 copper mines currently in operations will reach the end of their productive life before 2035, Sampson said on Monday.

http://www.mining.com/copper-supply-crunch...dicted-experts/



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
blacksheep
post Posted: Apr 2 2018, 09:49 PM
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Copper’s Hot Run Falters in 2018
QUOTE
The red metal just posted its first quarterly drop since 2015 with economic worries mounting and investors retreating from risk
By Amrith Ramkumar
April 1, 2018 8:00 a.m. ET
0 COMMENTS
Copper just recorded its first quarterly decline since 2015—a sharp reversal by one of last year’s hottest assets that is fueling concerns among investors who look to the industrial metal as an indicator of global growth.

Futures prices for the red metal shed 7.9% in the first quarter after hitting a nearly four-year high in late December. While other commodities such as oil have continued climbing, copper has lagged behind, hurt by lukewarm economic data from China and anxiety over possible disruptions to international trade.

read more - https://www.wsj.com/articles/coppers-hot-ru...2018-1522584000



--------------------
The herd instinct among forecasters makes sheep look like independent thinkers. Edgar Fiedler

If the freedom of speech is taken away then dumb and silent we may be led, like sheep to the slaughter. George Washington
 
 


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