Discover and read the best of Twitter Threads about #copper

Most recents (24)

#Peru #copper # tin #zinc #lead
So I tweeted a thread a couple of months back on how the election of a Communist President of Peru would seriously deter future mining investment, and put at risk existing production levels.
I have quietly watched developments since, including the burning of mining camps, road blockades and this week's uncertainty on maybe cancelling some mine permits. Sadly for the long-term prosperity of the Peruvian people my fears are playing out.
Investors crave certainty - there is currently none. #Peru is now uninvestible for new foreign Western World capital going in.
So what is the Govt's game plan here? Here is what I think they are doing / will be doing:
Read 10 tweets
🔋 The demand for #copper from the #GreenEnergy sector could almost quadruple by 2030.
The rapid global transition to environmentally friendly generation increases #NorilskNickel's revenue. The copper business brings 26% of the company's revenue.
$GMKN $MNOD $NILSY #NorNickel Image
Now the demand from the #GreenEnergy sector is 1.4 million tons annually. By 2030, the aggregate demand for #copper may grow by 20% - up to 5.4 million tons.…
Transition to green power generation is impossible without #copper. Copper is high-capacity conductor of #electricity, used in #SolarPanels, hydro and #windpower plants. These #renewableenergy systems require 12 times more copper than traditional ones. #solarenergy
Read 3 tweets
Wood Mackenzie #COP26 briefing: 6 Oct 2021

"Mission impossible"

"delivering the base #metals to meet [#NetZero 2050] pathways strains project delivery beyond breaking point from people & plant to financing & permitting."…
Nov 6, 2021 "The 19 million tonnes of additional #copper that need to be delivered for net-zero 2050 implies a new La Escondida must be discovered & enter production every year for the next 20 years."…

Escondida mine. (Photo: BHP) 👇
"Even if you focus on just one of the obstacles bringing new copper supply online – the time it takes to build a new mine – and leave aside all other factors, #NetZero 2050 has zero chance."

#COP26 #4IR #technology…
Read 4 tweets
💸 Is hyperinflation a reality? How to protect yourself?

Money may well depreciate at times. This has already happened before, even in developed countries. #Inflation in developed world is accelerating, and the authorities are carried away by populism. Image
• In the #US, inflation has already accelerated to 6.2%
• In #Germany, it reached a 28-year high of 4.5%.

Authorities of developed countries put above #inflation problems of #SocialJustice in labor market (employment in all minority groups is important) and #climate warming. Image
Populist views are capturing the minds of monetary authorities, which only fuels #inflation. This was the case in the #USA in the 1970s: prices almost tripled.
And sometimes it was much worse: in Israel in the 1980s, prices for goods jumped ~10,000 times. Image
Read 10 tweets
Here a little meta recap on why #copper is in a super-cycle & why I am bullish short-, mid- & long-term Dr Copper!

Let me start with a shocker: in the very short term we may well run out of Cu inventory. How about that? A week ago I tweeted the below...

A week later and we are at 167,250 tonnes of LME inventory on warrants cancelled for London. Again, cancelled = taken out of inventory. Note however that LME only has 242,610 tonnes of inventory. If this continues, London may run out of inventory this year! That is super bullish.
I explained that here for all metal exchange inventories combined (London; New York; Shanghai).

Read 24 tweets
The way I tackle price charts:

From past price studies I have an idea of how price should behave around certain levels.

Then I say: If A happens then B is more likely. If I see B then it is a sign of C.
#COPPER is a good example. I have been analyzing price action above the 200-day average. The rebounds have been weak.

I said if it remains weak, (A happens) then a breakdown and correction (B) is more likely.

Ideal situation in a reversion to the mean is a sharp rebound.
This is how I analyzed price action and narrowed it down to 4.08-4.35.

Ideally a reversion to the mean was followed by a sharp rebound.
Read 4 tweets
#Copper thread

1/ Everywhere on Twitter 'I Told You So' copper bulls are running

I get it- a technical setup where the 200d is defended & old highs are retested

And yes, I'm short duration & know the correlation w/ copper/gold

(ed note: do copper bulls short gold or bonds? :)
2/ Unfortunately, the only tangible news behind this copper squeeze are a #CCP PBOC official talking about 'Rule of Law' principles resolving Evergrande.

Are you kidding me?…
3/ Chinese home sales are contracting faster than at any time in recorded, post-Deng history
Read 11 tweets
#China's most traded thermal #coal futures up 5%, coking coal futures up 3.96%, #coke futures up 4.11% in the Friday morning.
#China #commodities #futures
Most active #manganese-silicon futures and #ferrosilicon futures in China Zhengzhou up 3.97% and 2.44% respectively in early trade.
#China #futures #Commodities #Ferro
Most traded Shanghai #pulp futures contract falls 5.14% in early trade.
#China #commodities #futures
Read 6 tweets
Most active #manganese-silicon futures and #ferrosilicon futures in China Zhengzhou slump 5% and 5.34% respectively in early trade.
#China #futures #Commodities
@nid_rockz ImageImage
China's most traded #PVC (polyvinyl chloride) futures contract hit the limit down at open.
#China #futures #Commodities Image
Thermal #coal futures in Zhengzhou, China, open 1.15% lower on Thursday, off Wednesday's record high, the authority said to boost 220 million tons of additional coal capacity per year.
Coking coal futures down about 4% and coke futures down 3% in Dalian
Read 4 tweets
#China Jan -Sept. imports rise 22.6% y/y and Jan.-Sept. exports +22.7% y/y in yuan terms.
#trade #import #export #economy 🇨🇳
China's General Customs' Jan-Sept Import Data: (YoY)
#crude oil imports fall 6.8% y/y to 387 mln tonnes;
#natgas imports rise 22. 2% y/y to 89.85 mln tonnes;
#ironore imports fall 3% y/y to 842 mln tonnes;
#copper imports 4.02 mln tonnes, down 19.5% y/y.
#OOTT #trade #import🇨🇳 🇺🇸
In the first three quarters of this year, #China's #exports reached 15.55 trillion yuan, up 22.7% y/y and #imports reached 12.78 trillion yuan, up 22.6% y/y.

Foreign trade imports and exports have achieved positive year-on-year growth for five consecutive quarters.
Read 4 tweets
Hopefully this is the start of a good news trend for this micro cap #copper producer with a huge exploration potential. Stock barely trades and a picture of my dog licking itself would get more likes than their tweets. Should move higher as they ramp up production end of q4
Finn prefers you read the Three Valley Copper presentation… Image
I own both of these copper plays as longer term holds. I’ll trade a few others and copx at times
Read 5 tweets
AH fuck it, i'll join the bandwagon, since people asked (and i don't wanna type this story in DMs).

Thread🧵on #Evergrande!

Why #contagion will continue to spread, why Xi will NOT change course, why it's The Federal Reserve's fault, why Hyperinflation's next, and more!
First off, Why Now?

Evergrande's been Teetering for more then a year. Naturally, things have to come to a head at some point, but why now?

I think the answer is found in Commodities. Specifically the fact that building important stuff like #Iron and #Copper have been mooning.
To stem the tide, at $4,8 a pound copper, #China announced they would release metals from their strategic reserves to stop the price increases, and copper took a dive.

Reserves they ran up in July 2020 when the price was cheap, btw. China Copper imports were off the charts.
Read 26 tweets
Well, I’m long 1mm+ shares of $mno.v now

Chatted with @METhompson72 about the project in the summer and have been picking away ever since. I find I’m waking up in the morning with the latest drill results stuck in my mind and feeling the urge to get a bigger position.
Huge Brazilian land package with the last two rounds of drill results being some of the best holes I’ve seen in my entire life. The value / grades of the copper holes make it an excellent huge copper play with amazing economics regardless of the copper price
The value / gold grades over huge widths would make it an excellent stand alone gold mine as well. With both high grade gold and copper it simply blows my mind and I find it surfacing in my dreams. This is a $5/sh company in the making even if the gold and copper price stays flat
Read 18 tweets
1. Afghanistan - Stop Listening to the Pro-War Idiots Who Got Afghanistan Wrong… #afghanistan
2. Who Lost America’s Longest War?… #afghanistan
3. Afghanistan is on my mind… #afghanistan
Read 29 tweets
It's considered the most sacred of all & is believed to give many benefits both health wise & spiritually !
Parad means Mercury (Hg). Which is the only noble metal found free on Earth
Bcoz of which it's believed to respresnt #SHIVA & swayambhu
On the other hand #Copper is believed to represent #Shakti
So when Mercury is fused with Copper to form #Shivling it's believed to be super charged & magical

There are places with parad shivling
They are believed to have healing properties &, ward off evil
Ravana was know to be a very established #Alchemist
Believed to have worshipped Parad Shivling to gain his power
Mercury finds place in many Hindu texts
Believed to be a power house that also interacts with the electromagnetic field of the earth hence influencing our Bodies
Read 8 tweets
Elementary My Dear Watson

Here, we report the DISCOVERY OF ELEMENTAL
(zero–oxidation state) METALLIC Cu0 ACCOMPANYING ferromagnetic elemental Fe0 IN THE HUMAN BRAIN. These NANOSCALE BIOMETAL DEPOSITS were identified WITHIN AMYLOID PLAQUE cores isolated from ALZHEIMER’S DISEASE>
subjects. The nanoscale chemical and magnetic specificities of STXM have allowed us to probe the biochemistry of human brain tissue on subcellular length scales. This enabled the DETECTION OF MULTIPLE DIFFERENT CHEMICALLY REDUCED COPPER AND IRON PHASES within AD AMYLOID PLAQUES>
revealing NANOSCALE METALLIC DEPOSITS...There are several plausible mechanisms for the formation of elemental metallic Cu0 and Fe0 in amyloid deposits. The first is direct reduction of Aβ-bound Cu+/2+ and Fe2+/3+....Natural hydride donors such as NAD(P)H>
Read 11 tweets
The Senate Committee on Energy and Natural Resources held a hearing on infrastructure this week:…

Lots of discussion about water use and wildfire management, but also commentary on nuclear power and critical minerals that may be of interest to investors. Image
In his opening remarks, Chairman @Sen_JoeManchin talked about supporting our “zero emission #nuclear fleet” and rebuilding our domestic supply chains by responsibly mining #criticalminerals
Ranking member @SenJohnBarrasso also opened with a mention of the “necessity of advanced nuclear”

It is notable that the two most senior members, Democrat and Republican, are both strongly supportive of #nuclear power.
Read 21 tweets
Adequate #copper is needed by the body for #autophagy and formation of #vacuoles for engulfment of cellular debris by white blood cells.… #DHPSP #INPST
Book to buy -Trace Metals and Infectious Diseases, Strungman Forum Reports, 2015.

Chapter from it:
Metals in Host–Microbe Interaction: The Host Perspective
"...required in 2 ways. First, copper drives the development of neutraphil myeloid progenitor cells. As the mechanisms for this are as yet unknown, understanding the role of copper in neutrophil development represents a key area for further investigation. ... genetic neutrapenia
Read 6 tweets
Thread on Intermarket Relationship 1999-2021

Historical Correlation between #US30 #DowJones, #US100 #Nasdaq, #Gold #XAUUSD, #Brent #Crude, #copper #US10Y

1. US 30 / US 100 vs US 10Y

US30 / US100 was at ~2 multiple in 2000 and it is now at same level in 2021

Above chart shows that sole factor responsible for this anomaly is US 10Y rates
Rates were kept for real economy to recover, generation of jobs etc. however it has clearly backfired.
US Tech definitely does not deserve this kind of valuation

The multiple of 2 in 2000 went to 9 in 2001 represents the US tech bubble burst.
In todays terms if 2 were to go to 9, Dow would be at 25000 and Nasdaq ~2700 or any such other level. It may not hit 9 since tech has much larger role to play today vs 2000,
Read 18 tweets
Supply side of #copper narrative is awash w/ comments on lack of discovery. I can point to plenty of large disc from prior cycles that sit undvp- Galore Creek, Cerro Casale, Caspiche, Reko Diq, Haquira, El Moro, Relinchio, Taca Taca, Pebble, Tujuh Bukit, Mes Aynak, Agua Rica etc.
Finding Cu porphyries hasn’t been the problem. Finding strategically large high-quality deposits that are developable is the challenge. We can point to permitting timelines, social license, geopolitical, water, met, etc. All that’s true and well documented.
Another key pt to consider when risk adjusting new #copper mine supply. How many EPCM firms (ex China) are considered for design/build of multi-billion dollar Cu mega projects? How many projects can these firms work on at any one time? Is this considered in supply models? No.
Read 8 tweets
#copper $MNO.v
So a quick thread on why VMS type copper deposits are so much more valuable than porphyries.
(I am talking in the generic here, and each project has its own specifics so please do not message me saying I am wrong about such and such project!)
VMS = Volcanogenic Massive Sulphide are “black smokers” emplaced on the sea floor and then moved to surface via tectonic activity. They are almost always polymetallic and contain copper, zinc, gold, silver, zinc and lead.
VMS’s are found around plate boundaries and usually occur in clusters – or “camps” – such as Flin Flon, Bathurst or Noranda. Tonnages typically range form a few million tonnes of ore to +100Mt. Copper equivalent grades are typically 1.5% ish.
Read 13 tweets
Stan Druckenmiller gave the keynote speech at the USC Student Investment Fund annual meeting last week:

A rare long form (1 hr) conversation where he touched on a wide range of topics.
The first 20 minutes expands on the ideas he discussed in his op-ed in the WSJ this week titled “The Fed is Playing With Fire” where he expressed concern that the Fed was remaining accommodative for too long and risking an asset bubble.…
Druckenmiller comments on the current craziness in financial markets:

“With #dogecoin which was started as a joke with a $60 billion dollar market cap and NFTs on everything you can spell out there, is there any doubt in anybody’s mind that we’re in a bubble?”
Read 10 tweets
#copper producer $shri.v $shrif has filed its MIC for its AGM dated June 2nd

Name change to:

“Three Valley Copper Corp”

Has been approved by the board and awaits shareholder approval.
Search srhi docs

If so inclined. Not much of note in there other than pages and pages explaining stock based compensation plan to be implemented if shareholders approve it.
Along with my $pdn thread on mining cost and the benefit of having past investment in infrastructure. $srhi is valued at probably 15c on the dollar vs it’s historical spend (net of debt)
Read 11 tweets
#copper #tin
This thread will talk about the huge issues facing consumers from a finance perspective. This is a bigger problem than availability of metal or the price being paid.
Exponential price rises are creating huge headaches for consumers - both in terms of price paid, availability of metal and in finance. Of these finance is probably the biggest issue.
Metal supply chains have multiple points: from metal to shapes to intermediate products to final products. For example for copper consumption in an A/C unit it goes from cathode to plate and wire rod, to tube and wire, to heat exchanger and copper flex. Then final product.
Read 9 tweets

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