Copper Macro Thread, page-268

Based on the article "Dryblower on the political forces supercharging copper, gold and uranium" from MiningNews.Net...(13th May 2024):

Copper

• Demand is strong due to traditional uses (construction, transport, electronics) and new applications (electrification, AI).
• Supply is constrained by political issues (e.g., government intervention, mine closures) and rising production costs.
• The price is expected to stay strong, potentially reaching $12,000/tonne to incentivize new production. In a perfect storm scenario, it could reach $15,000/tonne.

Gold

• Demand is high due to safe-haven buying, particularly in China which is diversifying its reserves away from US dollars.
• Supply is steady but not growing.
• The price is expected to remain stable or potentially increase as US-China tensions persist.

Uranium

• Demand is rising due to a return to nuclear power and limited new supply.
• The US ban on Russian uranium (if enacted) would further tighten supply and increase prices.
• The price could reach $151/pound, a 64% increase from current levels.

Overall, the article suggests a bullish outlook for copper, gold, and uranium due to strong demand fundamentals and potential supply disruptions caused by political factors.

Important note: This is just one article and doesn't represent the entire market picture. It's always wise to consult multiple sources and conduct your own research before making any investment decisions.