"Copper pipeline the lowest in century despite growing appetite for Assets."-Mining.com, 33 mins ago, Fri 6 April, 2018
Link:
Highlights:
"Colin Hamilton, director of commodities research at BMO Capital Markets believes is the sector*s most obvious problem-existing operations. In a report published this week, Hamilton says that more than an evident lack of new copper projects, the perennial struggle of existing assets, particularly in large operations, are the main hurdle to overall copper supply growth."
"..world*s top copper operations in 2007 presently produce 10-15% less than they did 11 years ago, and he expects the trend to continue."
"After the ramp at COBRE PANAMA (with the main ramp next yr) we are left with a GAP until we see the next batch of 200ktpa-plus projects in 2022-23."
"This is when the likes of Kamoa, Oyu Tolgoi Phase 2 & QB2 are likely to offer meaningful growth....may be more supply troubles brewing-more than 30 labour contracts are up for negotiation this year.."
"What*s worse, BMO Commodities warns the Lack of Megaprojects ramping over the coming yrs will affect overall balance....heavy reliance on Escondida..."
Comment:
In the last post re: Solgold tweet from Northern Miner, there was mention of Cobre Panama. One observes the low grade but high tonnage figure.
DGR Price at posting:
8.9¢ Sentiment: None Disclosure: Not Held
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