lets put it another way. IMHO Greater Copper production is being deferred awaiting expected price improvements no doubt. Higher copper yielding Stopes look ready to go. Gold production is to the top end of the scale,nice while prices are currently high,so naturally mine those higher Au yielding areas in preference
LME stocks for copper were 146,275 tons down -2000 tons on the 31st Jan as demand grows,but not yet fully reflected in forward prices.3 mo.forward up only +US$200 All sorts of problems occurring at big potential copper supply sites globally including sites that supposedly would crash the price much like the perpetual supply threat to Iron Ore many forgetting to transport the extra distance requires twice the number of existing boats,or a halving of actual transported ore to markets versus Australia
AMMO small arms Brass shell case composition is approx 70% Copper 30% Zinc U.S. manufacturing at full swing and Remington's operated but US govt owned plants producing hunting ammo at full capacity incl .22 had exports restricted to supplying export contracts entered into prior to September and NO new export contracts to be entered into unless to approved Govt to Govt purchasers. No doubt the Israeli production is at full swing as well.
A lot of non-recyclable consumption occurring globally in hot spots as countries use up the last 40yrs worth of old world Ammo stocks from cold war storage. Sad to say but everywhere access to Ammo is getting scarcer for the wrong reasons.
DYOR + DYODD
AMI Price at posting:
11.5¢ Sentiment: Hold Disclosure: Held
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