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ksvs

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23/04/24

11:54

Post #: 73473670
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Originally posted by daicosisgod: ↑

Rocket,
copper touched US$4.55 in early trading last night before settling at US$4.48/lb
this is just over US$10,000/tonne.

In the AFR yesterday there was an article on copper....here are some couple of relevant paragraphs...

Copper is also getting a demand boost from the booming data centre sector; Widmer estimates that data centre demand will add 500,000 tonnes to annual copper demand (currently running at just over 26 million tonnes) by 2026.

At the same time, copper is in the midst of what he calls a supply crisis in which “the much-discussed lack of mine projects is finally starting to bite”.
“Copper is at the epicentre of the energy transition, which means that the lack of mine supply growth is being felt acutely. At the same time, demand in the US and Europe should bounce back as economies bottom out; this, along with rising demand from the energy transition, will likely move the copper market into deficit this year,” he says.

What is new compared to just 12 months ago is the demand for copper due to the coming growth in new data centres being built to cater for the AI revolution. In fact the world's biggest and best logistics and distribution centre developer Goodman Group is pivoting away from logistics and going hell for leather into data centres. Goodman has been accelerating this approach over the last two years and is really only now getting serious traction.

Where the extra 500,ooo tonnes require annually for data centres is going to come from is anyone's guess.

The copper train has left the station and if anyone wants to get on board they better be quick as this train ain't slowing down for anyone.

As I have written before it is going to take a US$6.00/Ib copper price, at least, to encourage investment in new supply.

Imagine being in the demand firing line for a commodity? That's where copper is with the EV revolution, the world decarbonisation push and the AI revolution.

How good is it to be a copper investor right now, this very minute?

Cheers......Daicosisgod

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it is exactly same as lithium when it was first discussed. Made many investors settled for life and half. Copper will be the same. Whoever gets in now will be rewarded. I am getting rid of stocks that are going nowhere (including blue chips).
After all we are here to create wealth for ourselves and our families. In this process we create wealth for our country by paying taxes!

AIS Price at posting: 28.5¢ Sentiment: Buy Disclosure: Held
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Last 23.0¢		Change 0.000(0.00%)		Mkt cap ! $222.5M

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Copper news, page-964

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

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Buyers (Bids)

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Copper news, page-964

Top Stories

White Cliff jumps 24% on 'bonanza grade' copper rock chips at Rae project, Canada

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

BCI reaches close of funding facility for salt-first part of Mardie project

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News