Just noticed Traf agreed a 9yr offtake for Alara resources (AUQ) copper/gold mine in construction in Oman… linked to LME prices.
My opinion only, I see the trading houses wanting copper to market knowing the supply deficit… gives massive arbitrage opportunity if your buying at mine Gate for LME price and sending to whoever needs it…
Gives credence to the positive Copper outlook.
AW1 General Chat, page-465
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