Goldman sees copper price “breakout”, risk of “extreme scarcity episode”

New report says 2021 deficit, “open-ended decline” of mining supply and record low stocks going lower still, raises risk of an “extreme scarcity episode.”

Frik Els | February 11, 2022 | 5:30 am

Copper price: Global stocks are down to three days’ consumption

October 2021’s copper squeeze sent the bellwether metal into record territory – now warehouses again only have enough metal to last a long weekend.

Frik Els | February 9, 2022 | 9:11 am

This chart says industrial metals prices have far to fall

Unless there’s been a major decoupling of copper, zinc, nickel, aluminum prices and Chinese manufacturing activity, declines of as much as 40% may be in the offing.

Frik Els | January 31, 2022 | 2:48 pm

Tesla’s not working on that $25,000 car – here’s why

R.I.P. Model 2.

Frik Els | January 28, 2022 | 12:13 pm

Add another 1m tonnes to annual copper demand from EVs

2021 saw a surge in new electrodeposited copper foil manufacturing capacity – just one use leading to a 5-fold increase in copper demand from EVs over the next decade.

Frik Els | January 27, 2022 | 3:09 pm