Hi Ashentegra
The shift from surplus cooper this year to supply deficit has been rapid, its caught me off guard a little (b@gger) . I held off topping up further in the $6 and $7 range as a 2024 surplus was forecast globally. A few months later we are in deficit. I got that one wrong by the looks and doubt I'm alone.. The article suggests I should procure more however I am tentative. The copper price continues rising and SFR with it and SFR is in over bought territory making the stock very sensitive to copper price movement. cooper has moved from a global forecast surplus of 300kt in early November 2023 to a 750kt deficit five months late, thats a massive shift in a short period. I might do a little more digging into the deficit forecast. Thanks for sharing the information.
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