Exactly people seem to think copper can fall to point where...

Exactly people seem to think copper can fall to point where mines like degrussa are not profitable, if degrussa is not profitable what mine in the world is profitable??

Recently bhp/glencore and most of the major canadian and chilean producers have all cut supply, Even rio who's major copper holdings are mined at 1% or less in the middle of know, are still the most stubborn bastards at cutting supply have slashed supply look at the latest production results.


People seem to think because of copper prices sfr are in trouble please they are in the drivers seat to for the recovery, prices can't fall forever with no benefits to miners and supply will stay the same.

It's madness I work in china and I can tell you the one think they still lack is copper, they can't produce any economically right now, but it's what they need most.

It's why demand is still up 3% for the year while supply is still falling, the clock is ticking it's just a matter of time.