BHP's copper commodity outlook [20 Feb 2024]
"With the 2024 calendar year upon us, we have updated our expectations for short–term supply–demand balances (where a surplus means rising inventories and a deficit means inventories running down). We now see refined copper in deficit and a very tight situation in copper concentrate (solid Chinese end–use demand, a reduced drag from the West, the abrupt closure of Cobre Panama and other operational shortfalls, new Chinese smelting capacity coming online), which is considerably better than expected six months ago, when a moderate refined surplus seemed likely."
https://www.bhp.com/investors/econo...02/bhps-economic-and-commodity-outlook#copper
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
- Forums
- Commodities
- Copper, the most critical metal
BHP's copper commodity outlook [20 Feb 2024] "With the 2024...
-
- There are more pages in this discussion • 39 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add COPPER (LME) to my watchlist
|
|||||
Last
$2.71 |
Change
0.000(0.00%) |
Mkt cap ! n/a |
Open | High | Low |
$2.71 | $0.00 | $0.00 |
Featured News
The Watchlist
1CG
ONE CLICK GROUP LIMITED
Mark Waller, MD
Mark Waller
MD
Previous Video
Next Video
SPONSORED BY The Market Online