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 all the industries that use copper ?
Ongoing drought and labour disputes in South America and continuing civil unrest in Africa restrict the ability of suppliers to met demand and rebuild stock
We are going to forward order copper this month, despite the price, because of copper stock concerns and also the impact of Brexit on the UK economy. Will you be doing the same ?