@CopperBullish

#Copper News & Analysis + #Silver #Gold #Uranium #Lithium #Nickel #Commodities #Mining #Energy ⛏️

investing.com/commodities/copper
Joined April 2016
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#Copper - BMO Capital Markets has raised its long-term copper price forecast 47% to $16,000 a metric ton in real terms, or $18,000 nominal by 2030.
MINING.COM
@miningOct 15
BMO Capital Markets has raised its long-term copper price forecast 47% to $16,000 a metric ton in real terms, or $18,000 nominal by 2030. For 2027, BMO forecasts $14,675, Macquarie $12,750 and BMI $12,900. Deutsche Bank sees $10 a pound, or $22,050 a metric ton, in the second quarter of 2027. BMO puts the US stockpile at close to 2 million metric tons, about a year of American consumption.
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#Copper - Chilean state-owned copper producer Codelco is racing to rescue two workers caught in an apparent mudslide at its giant El Teniente mine! bloomberg.com/news/articles/…

Codelco Races to Rescue Workers After Accident at Chilean Mine

Two workers died after a snow avalanche struck Codelco’s giant El Teniente mine, as wild weather continues to batter Chile and compound setbacks for the biggest copper-producing country.

bloomberg.com
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#Copper - Disruptions in Chile put 5% of copper mines production at risk!
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#Copper - $6.72, not a new all-time-high, but a sign of life. Strikes, El Niño and resource grade causing supply havoc!
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#Copper - Copper, Nickel Prices Could Double by 2035: Report mining.com/copper-nickel-pri… #nickel #mining

Copper, nickel prices could double by 2035: report

The metals, critical for the energy transition, will not be able to meet the demand of the next decade, according to Coface.

mining.com
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#Copper - Supervisors at BHP’s Escondida in Chile, the world’s largest copper mine, reject offer, paving the way for a strike
MINING.COM
@miningOct 1
Supervisors at BHP’s Escondida mine in Chile reject offer, paving the way for a strike mining.com/web/supervisors-a…

Supervisors at BHP’s Escondida mine in Chile reject offer, paving the way for a strike

Under Chilean law, the parties must now enter a mandatory five-day government-led mediation process.

mining.com
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#Copper - Yikes!! Panama commission urges orderly permanent closure of First Quantum’s Cobre mine mining.com/panama-commission…

Panama panel backs path to Cobre Panama restart

Ministers propose talks with First Quantum on reviving Cobre Panama to finance its eventual closure at no cost to the state.

mining.com
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#Copper - Chile Copper Output Drops to 15-Year Low as Weather, Disruptions Hit Mines bloomberg.com/news/articles/…

Chile Copper Production Sinks to Lowest in More Than 15 Years

Chile had its worst month of copper output in more than 15 years in August, deepening a slump in the biggest supplier of the metal that helps explain a tightening global market and record prices.

bloomberg.com
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#Copper - Deutsche Bank Predicts Copper Could Jump 50% to Hit $10 a Pound! wsj.com/livecoverage/stock-m…

Copper Could Jump 50% to Hit $10 a Pound, Deutsche Bank Predicts

The price of copper keeps setting records—and the rally has a lot further to go thanks to historic stockpiling by the U.S. and China. That’s the prediction of Daniel Ghali, Deutsche Bank’s new head...

wsj.com
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#Copper - Workers at Antofagasta’s 240,000 metric ton/year Centinela mine reject offer, pave way for strike! mining.com/web/workers-at-an…

Workers at Antofagasta’s Centinela mine reject offer, pave way for strike

The company and unions must now undergo a mandatory five-day government-led mediation process.

mining.com
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#Copper - UBS expects the copper market deficit to widen from 219,000 tonnes this year to 379,000 tonnes in 2027, and sees prices reaching $15,500 a tonne next year.
MINING.COM
@miningSep 25
UBS expects the copper market deficit to widen from 219,000 tonnes this year to 379,000 tonnes in 2027, and sees prices reaching $15,500 a tonne next year. Copper treatment charges fell to a record low below minus $200 a tonne in September, from around minus $45 at the start of the year, which UBS says reflects insufficient mine output to meet smelter demand. Chilean production fell 10% month on month in July amid weather-related disruptions, with Escondida and Codelco accounting for most of the decline. Since early July, LME inventories have fallen by 69,750 tonnes and Shanghai by 79,650 tonnes, while COMEX stocks rose by more than 91,200 tonnes. Source: UBS
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#Copper - $6.90 new all time high. Let’s go!!!
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#Copper - $6.86, getting closer to $7 a pound!
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#Copper Price - $6.83, we are back above $6.80!!
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#Copper - Up 25 cents in the past 5 days to $6.72 a pound!
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#Copper - Copper mine supply risks first decline since 2017: Sprott
MINING.COM
@miningSep 18
Copper mine supply risks first decline since 2017: Sprott dlvr.it/TVY3Gj

Copper mine supply risks first decline since 2017: Sprott

“Higher prices improve project economics, but they cannot compress every stage of development or quickly replenish the discovery pipeline.

mining.com
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#Copper - $6.85 a pound, up 17 cents!
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#Copper - $6.80 WOW!!!
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#Copper - Copper mine supply may be headed for its first annual decline since 2017
MINING.COM
@miningSep 4
Copper mine supply may be headed for its first annual decline since 2017. Global output already fell 1.1% in the first half, per the International Copper Study Group. Codelco and Freeport-McMoRan both posted double-digit declines. Escondida, the world's largest copper mine, saw its own output fall 3% in FY2026 as ore grades dropped from 1.02% to 0.90%, according to BHP. S&P Global projects copper demand will grow 50% by 2040. Supply isn't on pace to match it.
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