They are joking to expect a raise.Perfect copper macro where...

They are joking to expect a raise.

Perfect copper macro where there are news articles about metals traders prepaying because they are so desperate to secure supply and instead they knocked down any sort of rise the company was having.

In an environment where copper is so hot you have the metal purchasers paying huge sums upfront to secure supply, how do we end up doing such a shitty raise?

https://www.mining.com/web/traders-are-desperate-for-copper-deals-and-miners-are-cashing-in/
https://www.miningweekly.com/article/cyprium-announces-a50m-prepayment-offtake-agreement-for-nifty-restart-2022-06-27
https://www.*.co.uk/companies/news/1049533/anglo-asian-agrees-copper-prepayment-deal-with-trafigura-1049533.html

Just 3 from the top of google. Plenty of chatter everywhere about the state of the macro, even now with a pullback in the price the supply/demand metrics are still heavily in our favour.