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Copper!

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  1. #1
    JJinLV started this thread.
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    Copper!

    Prices are at an 8 year high as of today! Was marked at 3.71/lb on Comex this morning. Wooohooo! Enjoy the ride everybody!


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  3. #2
    alloy2 is offline Metal Recycling Entrepreneur
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    Quote Originally Posted by JJinLV View Post
    Prices are at an 8 year high as of today! Was marked at 3.71/lb on Comex this morning. Wooohooo! Enjoy the ride everybody!
    Copper, Silver and PGM's are strategic metals during war time.
    The art of survival is a story that never ends. American Hustle.

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    hills's Avatar
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    Quote Originally Posted by JJinLV View Post
    Prices are at an 8 year high as of today! Was marked at 3.71/lb on Comex this morning. Wooohooo! Enjoy the ride everybody!
    Ain't it sweet ! I have to wonder what the six - 12 month prospects are looking like.

    QE ( money supply expansion ) due to the emergency pandemic stimulus spending should create inflation and drive prices even higher.

    It might be a good idea to see what the LME warehouse levels are looking like. If they are dropping ... it might create even more demand as we get deeper into the winter months.

    Maybe keep an eye on mining too ? Years back ... we had a really hard winter that shut down the mines. That shortened up supply and copper prices went on a run.

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    ChildhoodDream's Avatar
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    I wonder just what China did with all the scrap they bought.

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    hills's Avatar
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    Humm ... i was just looking at kitco copper spot.



    Global production of copper off due to pandemic disruptions ?

    Warehouse levels near five year record lows ?

    Reduced supply driving copper prices up ?
    Last edited by hills; 01-16-2021 at 05:03 PM.

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