The pressure on Cost of Living has certainly shifted the focus...

The pressure on Cost of Living has certainly shifted the focus from saving the planet to avoiding debtor prison and reduced spending on discretionary items which were driving huge increases in demand for copper going forward. Electric two wheel vehicles have seen a big fall in demand in the last 12 months in Western Europe but they are doing quite well in SE Asia and Eastern Europe. EV car sales have been performing strongly. I guess the higher priced stuff is less effected by COL pressure which effects the lower income earners more.

I'll come to some thoughts on the drop in Copper treatment and refining costs but first:-

IMO its a good thing that cracks are emerging in Chris Bowen's green dream that has fuelled the establishment of a new industry using drones to clean solar panels and poison the trees that try to to regrow amongst the weeds that have taken over, where land has been cleared to accomodate solar farms. I used to drive through cane fields to get to my house at the beach. I now drive through a massive blot on the landscape. Nothing green about a solar farm.

My money is on radiation free nuclear being the predominant source of electricity generation in the future. Worth having a look at all the money that is being spent on joining hydrogen atoms together in nuclear fusion trials. The current shift in focus in spending might just give Nuclear Fusion the time it needs to stop the planet being polluted by Chris's Crap.




Falling Copper Treatment charges.

I think the following article explains why treatment charges are falling. The smelters to cope with forecast increases in demand have come on line at the same time as the demand has declined.

A supply and demand event that will correct very quickly as demand returns.