After falling from it’s recent high of £7.4 / kg to under £7 /kg copper is once again increasing in value even though stock levels continue to rise. Normally I would expect the price to fall as supply exceeds demand but speculators must be convinced that recent reductions in demand are temporary and will resume...
Copper appears to have stabalised at GBP 7 / kg as bonded stocks recover to 131 kT. Reports from China are that COVID outbreaks are impacting post operations, with imported raw materials not being able to offload and exported goods not being able to be shipped. This is have implications up and down the supply...
The price of copper climbs over £7 / kg as the global economy recovers and environmental concerns push forward electrification projects. Bonded stock levels have fallen back to 132 kT despite miners suspending planning maintenance to maximise output. Where next for copper ? All copper users will be frantically trying to reprice their stocks and...
The price of copper has ben stable at £ 6.5 / kg since February, while bonded stocks have recovered from a low of 75 kT to yesterday’s 157 kT. While still a historic low, see graph, the trend indicates supply exceeding demand and if the stock levels cross 200 kT then I expect the price...
The price of copper is holding at GBP 6.57 as stocks recover to 92 kT, still far to low for comfort but a sign that demand is exceeding supply for the moment. I expect the price of copper to remain elevated until stock levels recover to 200 kT but that depends on the speculators and...
The LME price of copper has climbed to it’s highest level since February 2011 as stocks remain at their lowest over the last thirteen years. The price of copper is going to continue to climb until more stock becomes available, especially as the global vaccine program gathers pace and our economies start planning their post...
Price of copper has jumped over 3% to GBP 5.17 / kg as stocks continued to fall, now at 76 kT. The question is, how much further can stocks drop before there is a major supply chain issue ? As western economies slowly recover from COVID-19 lockdowns is there enough copper in stock to sustain...
The price of copper has stayed stable as the global economy suffers from coronovirus outbreaks but more concerning is the fall in LME stock levels to the lowest in over a decade. In normal times this would be the cause of a panic and wild speculation but these are not normal times. How quickly will...
The price of copper has dropped back to £4.94/kg as global trade continues to suffer from Covid-19 related lock downs but LME stocks dropped further to 127 kT. In normal supply and demand conditions stock levels approaching all time lows would prompt a surge in the price of copper but with the 3 month price...
Price of Copper steady at £ 4.86 / kg as Stocks fall to 195 kT, as demand continues to outpace supply. The last time stocks fell below 200 kT was back in December, when it carried on down to 135 kT but only forced a small price increase. Back in October 2018 stocks dropped below...
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