Copper Inventories at an All-Time Low – Prices at All-Time High

2021-11-23 09:05:33

China is a regular copper exporter, but it’s making no difference for the market. 

Inventories on the LME have repeatedly hit all-time lows, and as much as China can try to flood the market with reserves, it barely makes a dent. China continues to buy way more than it sells.

So what’s it all mean?

Prices continue to be squeezed higher, like an unstoppable force. 

2020 really kicked off the long run higher, with prices in May 2021 culminating at $10,720/mt on the LME – up 132% in 12 months!

Going into 2022, experts and analysts are predicting further hikes as inventories remain low and new projects aren’t coming online fast enough. 

So we know what the problem is – the solution is obvious: more new copper projects. 

Luckily, there’s an under-the-radar Canadian resource development company that’s generating excellent results at its high-grade copper-zinc project in northern British Columbia.

That company is Kutcho Copper Corp. (TSXV:KC) (OTCQX:KCCFF).

Now that the company has completed a feasibility study for its flagship property, which resulted in very impressive economics, it’s about to take off along its path to production. 

This is the moment for both copper and the company that will bring a new project online when the world is clamoring for more, more, more. 

Learn more about this future copper producer by clicking here.

Cautionary Statements:

Junior Mining Network (“JMN”) is not a financial advisory or advisor, investment advisor or broker-dealer and does not undertake any activities that would require such registration. The information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation, nor is the information an offer or solicitation to buy, hold or sell any security. JMN does not represent or warrant that the information posted is accurate, unbiased or complete and make no representations as to the completeness or timeless of the material provided. JMN receives fees for producing content on financial news and has been compensated to publish this content. Investors should consult with an investment advisor, tax and legal consultant before making any investment decisions. All materials are subject to change without notice.

Source link