I'm not making this post to debate politics, but if the LNG is anything to go by, poorly applied sanctions benefit Russia and do not punish them.
I tried to make my post as factual as possible and take any emotion out of it.
You won't see copper prices accelerate faster for the sanction reason, but you'll see a lot of market inconsistencies arise as a result.
Copper prices will accelerate due to other factors though, such as these:
https://edition.cnn.com/2024/04/15/business/china-q1-gdp-growth-intl-hnk/index.html
https://www.mining.com/web/chile-port-workers-stage-protests-threatening-commodity-exports/
https://www.mining.com/kamoa-kakulas-first-quarter-copper-production-hits-86203-tonnes/
https://www.thehindubusinessline.com/companies/indias-copper-demand-is-likely-to-witness-robust-double-digit-growth-in-2024-mayur-karmarkar/article67828729.ece
Amongst many other things. It's just a perfect storm on both the supply and demand side.
Copper Macro Thread, page-217
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