PEX 0.00% 11.5¢ peel mining limited

Copper “HIgh Voltage Rock n Roll”.., page-3

  1. 2,689 Posts.
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    https://www.bloomberg.com/news/arti...dium=social&cmpid==socialflow-twitter-markets

    "Copper Bulls Are Upbeat Before the Industry’s China Gathering"

    Copperbull, you didn't write this article, did you?

    "Weaker supply growth or a contraction is at the heart of copper’s long-term bull case, with more frequent disruptions and a dearth of new mines combining to slow output. The refined copper market will be nearly balanced next year, before slumping into a deepening deficit from 2019 that will underpin prices past the turn of the decade, according to Bloomberg Intelligence. The global shortage will be almost 400,000 tons by 2022, it estimates."

    "No metals conference is complete these days without discussion of the world’s electric vehicle revolution -- another pillar of the bulls’ long-term view. Annual electric vehicle sales of 50 million units could lift copper demand by 5.5 million tons a year, equal to about 24 percent of entire demand at present, according to Sanford C. Bernstein’s base case published last month."

    "...a return to $10,000 a metric ton is possible."
 
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