We're heading to the highest copper prices in the last 25 years.
Copper inventories are at critical levels with just enough to support global consumption for just over two days.
To add to the concerning copper inventory levels is Glencore just had to suspend operations of their Antapaccay mine in Peru (second largest copper producer in the world) and Chili being the worlds largest producer forecast their output of copper will drop by up to 6% in 2023.
Disregard the mainstream media, all the data is there, and it's seriously concerning. You'll feel the cost increases this year, moving forward and big money will be made in copper starting this year, IMO.
Price of Li has been an outperformer because of all the hype over the EV revolution. Lithium mines will be popping up everywhere soon enough and when that happens the lithium prices will plateau and adjust accordingly with supply/demand.
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