Commodity Trade Mantra

Posts Tagged ‘Chinese Copper Demand’

Big Trouble Ahead For Copper Is Good For Silver Prices

What kind of surpluses will the world experience when the copper finance trades go south on top of slowing global industrial demand? Why is this good for silver? As global base metal supply, especially copper, starts to decline, it will drastically impact global silver mine supply. Around 55% of world silver mine supply comes from copper, zinc and lead production.

Copper Breaches $5000, Breaks Below 15-Year Trendline

The plunge in copper means almost one in five mines globally is losing money. Some mines will have to cut supply or close if prices stay so low. While disruptions in mining have reduced supply, it’s not been enough to support prices. Copper producers are likely to miss production targets by up to one million tons this year. This should provide a cushion for copper prices.

Commodity Carnage Continues - Copper Crashes To 6 Year Lows

Across the board commodities are weak again today as CCFD unwinds and mal-investment booms collapse across the world. Copper is under the most pressure today, plunging to its lowest since June 2009… but of course, Dr. Copper now knows nothing about economics because eyeballs trump reality in the new normal.

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