Copper still going strong

Welcome To the Copper Fox Metals Inc. HUB On AGORACOM

CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)

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youngmoney

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Copper still going strong

posted on Jun 29, 2020 09:57AM

https://business.financialpost.com/pmn/business-pmn/copper-heads-higher-as-coronavirus-constricts-chilean-supply-2

STOCKS: On-warrant copper inventories in LME-registered warehouses fell by 2,450 tonnes to 112,850 tonnes, the lowest since Jan 17. Stocks in Shanghai Futures Exchange (ShFE) warehouses at 99,971 tonnes are the lowest since January 2019.

SPREAD: In a sign of tighter nearby supply, the discount for cash copper versus three-month metal on the LME fell to around $7 from $30 earlier this month.

TECHNICALS: LME copper may test Fibonacci and downtrend resistance around $6,075 per tonne, and a break above this could open the way towards $6,343, Reuters technical analyst Wang Tao said.

https://m.miningweekly.com/article/copper-deposit-discovery-rate-remains-dismal-says-sp-2020-06-29