A lot of discussion on Cu macro near/intermediate/long term outlook and really it is all over the place. FCX is very positive of course, BHP feels surplus for a few years (of course they want to buy OZ so it makes sense to be less enthusiastic- although there are a good amount of Cu projects coming online in the next few years) etc. Will new production offset lower grades in older mines and meet demand? those bullish on Cu and good companies like I am feel it will be tight at best. I found this S&P Global/Markit writeup that provided a good review imo. My bets are long SFR, also Ecora (on the LSE and US OTC) , a royalty co using remaining high royalties from Kestrel Coal to diversify into Ni, Cu, Co etc streams (they have a 2% stream on Musgrave at OZ) and 'associated gold' via Newcrest's Cadia and Red Chris Au/Cu mines. Best to all. Bea The-Future-of-Copper_Full-Report_14July2022.pdf (ihsmarkit.com)
SFR Price at posting:
$3.49 Sentiment: Buy Disclosure: Held
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