Fastmarkets predicts a globalhashtag copper deficit of 300,000 tonnes of concentrate in 2024, a significant shift from the projected surplus just two months ago. The shutdown of First Quantum's Cobre Panama and reduced production guidance from Anglo American and Vale are the primary drivers of this change. Non-economic factors can quickly turn markets, especially in the copper concentrate market. Learn more about the fiercer competition and earlier-than-expected supply tightness in the copper concentrate market in 2024 here:
https://www.fastmarkets.com/insights/fiercer-competition-in-copper-raw-material-market-amid-earlier-than-expected-supply-tightness-in-copper-concentrate-market-2024-preview/
Good job American West has tons of copper on the horizon.
Big STORM coming
GLTH
AW1 General Chat, page-1737
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