Ann: Quarterly Activities Report, page-177

Papstock, at the moment LME is sitting on Russian metal.

So stock is inflated at the moment.

So buyers are alreeady not wanting it.

Considering 40% of Ukraine energy infrastructure has been destroyed alone, much metals will be needed to fix it.

I can't see over supply there alone. But when is question as the war could last years.

As mentioned in other post, some large copper mines are having water issues.

Water issues may prevent mining in certain locations in the future.

So finding new deposits maybe futile in certain areas on the supply side.