I've gone out on a lImb but here's why.
Copper inventories to disappear in 2023 - Mining Journal (mining-journal.com).
(I can't get past the paywall).
Copper inventories to disappear in 2023 Copper stocks are heading toward zero in 2023, attendees at the FT Commodities Global Summit in Lausanne heard.
"I expect we will experience zero stock of copper this year," co-head of Trafigura's metals and minerals division Kostas Bintas said.
From the same conference & Journal
$15,000 copper needed to spur new supply.
Wolf, global head of market analytics at Marex Spectron, said copper markets are facing an ever-tightening supply situation.
All IMVHO.
EUROZ HARTLEYS 14C PRICE TARGET, page-4
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