From the legendary Robert Friedland , 2 hrs ago on copper, Thur, 28 Mar 2024.
https://twitter.com/robert_ivanhoe/status/1773098962377159036
"MORGAN STANLEY:.....our commodity team is now forecasting a shortfall in 2024 and slightly higher deficit conditions throughout the decade. This highlights that the concentrate supply stress that has been building in the past few months will finally start to tighten the refined copper market. Against this backdrop, our commodity team is increasing its price forecasts to $4.38/lb in 2024 & $4.41 in 2025.
MINING JOURNAL : Solgold as above, NEM.
In my view, the appointment of the new director and his experience is the opening gambit and almost the next day, Gina has followed suit into Ecuador. PDAC Toronto followed with the President of Ecuador signing the IA with Solgold etc. Does suggest the industry is following events etc. Today, HSBC news as above is the precursor to come potentially. Those with an accounting background will be able to see that chess is being played out.
From the legendary Robert Friedland , 2 hrs ago on copper, Thur,...
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