Global Exchange Copper Miners Index ETF (COPX)

[BottomBounce]

"It's Finally Happening! This $9 Trillion Hedge Fund Is BUYING UP ALL the Silver - Andy Schectman"
https://twitter.com/EvEnergy2030 $COPX

[BottomBounce]

Sell $COPX buy #Silver

[BottomBounce]

Sell $COPX buy #Silver

[Boing x 2]

“ Citi requested delivery of about 100,000 tons of aluminum and 40,000 tons of zinc”

I attempted to write this memo five times yesterday and deleted it due to the sensitive nature of what is going on. So here it goes again since I saw what Citi is doing today.

If all the banks now start to become like hedge funds, this could be major.

My memo said brass is made of 65 percent copper and 35 percent zinc.

Munitions are made of brass. With Gaza and Ukraine the munitions being dropped are likely going to impact copper and zinc prices.

It is said there is already a 13 year shortage of munitions.

As the Gaza and Ukraine unfortunate situations are likely to go on a long time it will likely impact the price of copper and zinc.

Boing X 2

[BottomBounce]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172943027 $COPX

[BottomBounce]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172618081 $COPX

[BottomBounce]

In August this year. $NAK got a Surprise $60 million investment for Pebble
https://www.miningnewsnorth.com/story/2022/07/29/news/surprise-60-million-investment-for-pebble/7471.html $COPX

[BottomBounce]

$COPX https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170112451

[BottomBounce]

$COPX https://www.northerndynastyminerals.com/site/assets/files/4947/march_15_2022.pdf

[BottomBounce]

Northern Dynasty The Pebble Project HD

$COPX $NAK

[BottomBounce]

Electric Mining Heavy Duty Trucks by $IDEX
https://cleantechnica.com/2020/08/09/electrification-of-the-mining-industry/ $COPX

[Glider549]

Thanks for the post.
Ill be checking out Mining.com as part of my daily research.

[BottomBounce]

Nevada Copper is expected to produce 13 million pounds of copper in the second half of 2020, ramping up to 50 million pounds in 2021 and 64 million pounds in 2022. That compares to an average of 50 million pounds over a 14-year mine life. During the first five years of production, the all-in-sustaining cost is expected to be US$1.86 a pound. The life of mine all-in-sustaining cost is expected to be US$1.96 a pound. https://resourceworld.com/nevada-copper-restarts-pumpkin-hollow-mine/ $COPX

[BottomBounce]

$COPX China $570 billion stimulus raises hopes for copper, iron ore price
https://mining.com/china-570-billion-stimulus-raises-hopes-for-copper-iron-ore-price/ $JJC $CPER $CUPM

[CaniDon]

Would have liked to have got in 3 years ago. I believe well continue to see a steady rise in the mining industry.

[$UPERMAN]

Hello, in three years look what happened..



Best Wishes

[CaniDon]

Hi Folks. Picked up a few here thinking that is safer to invest in an ETF rather than picking a single stock in the mining sector.

Best of Fortunes to All

[$UPERMAN]

Bounce at $25 ??

[dubc]

You are the best $uperman. .

. . i will add to my etf lists . . see if i can join you later . .

. . always appreciate you looking out for the little guy . .

Wish you the best . . year of the Dog ??

[$UPERMAN]

[dude iligence]

Bought some $6 COPX for lack of a better Copper trade, boring stuff these 1x etfs.

http://stockcharts.com/freecharts/gallery.html?s=COpX

[$UPERMAN]

BOUNCE OR TURN AROUND?

[$UPERMAN]

Higher Lows, Looks Ready to Rumble!! imo

[$UPERMAN]

Am i the only one watching this?? lol

Always guessed the world would miss Copper que

[$UPERMAN]

Global X Copper Miners Index ETF $COPX
13.412 +0.242 (+1.84%)
Volume: 10,087 @ 3:06:07 PM ET
12/14/2012

[johnsyn]

Copper prices to remain high in 2012
Despite some price retracing in 2011, the copper physical market fundamentals remain strong; with liquid stocks near an all-time low. China’s growth will continue to underpin copper’s performance although it may not be the “market saviour” that it was in 2009. In the longer term, according to Intierra Resource Intelligence, increased mine supply will temporarily overwhelm the market. This will create a dip in the price of copper from 2014 to 2017 followed by a recovery in the last part of the decade. Production costs will become more of a factor in determining the price of copper and these costs are higher than in the past.
Intierra’s Executive Director, Glen Jones, will present Copper: Market Dynamics and the Exploration Pipeline at the PDAC 2012 Conference in Toronto, Canada on Sunday March 4 at 2:15 pm. This talk is part of the Commodities and Market Outlook session.

The PDAC four-day annual Convention held in Toronto, Canada has grown in size, stature and influence since it began in 1932 and today is the event of choice for the world’s mineral industry. In addition to meeting over 1,000 exhibitors and 27,000 attendees from 120 countries, it allows the opportunity to attend technical sessions, short courses, the Prospector’s Tent, the Core Shack as well as social and networking events.
INTERNATIONAL MINING

[johnsyn]

8:15 AM The Chinese use of copper in financing schemes takes another turn as some banks begin suspending loans against the metal after finding companies using the same collateral to apply for loans from more than one lender. While putting a number on it is impossible, the practice is almost certainly a source of false demand for the metal.

[johnsyn]

COPX just paid me total of $.9064 per share for it's annual payout. That comes to 6.52% dividend, with copper prices way down. Not a bad take at all. 2012 is suppose to be good year for copper, let's see what next January pays!

[johnsyn]

March copper closed higher on Friday and the high-range close sets the stage
for a steady to higher opening on Tuesday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term.Multiple closes above the 20-day moving average crossing at 343.51 would
confirm that a short-term low has been posted. If March renews the decline off
December's high, the 75% retracement level of October's rally crossing at
320.71 is the next downside target. First resistance is the 20-day moving
average crossing at 343.51. Second resistance is December's high crossing at
367.40. First support is December's low crossing at 323.25. Second support is
the 75% retracement level of October's rally crossing at 320.71. SEEKING ALPHA

[johnsyn]

http://seekingalpha.com/article/316376-key-importance-of-oil-and-energy?ifp=0&source=email_porfolio

[johnsyn]

Interesting article: http://www.mining.com/2011/12/27/christmas-light-recyclers-learn-their-tricks-from-miners/?utm_source=digest-en-mining-111227&utm_medium=email&utm_campaign=digest

[johnsyn]

Copper and oil look good in 2012: Scotiabank
Andrew Topf | December 23, 2011
.A major Canadian bank is predicting better months ahead for copper and oil.

After falling for three consecutive months, Scotiabank’s Commodity Price Index showed a one percent gain in November, boosted by a sharp rebound in oil and firmer base metals prices.

Top 2011 performers in the index, according to Scotiabank, were sulphur, coking coal, potash, and hogs and cattle. Gold came seventh in the index with a 14.6% gain between late 2010 and mid-December of this year.

The bank noted that copper is in a supply deficit situation currently, and is likely to remain so in 2012 even with a 6% increase in world mined copper compared to a meagre 0.4% increase in 2011.

That will continue to put upward pressure on prices, notes Scotiabank commodities market specialist Patricia Mohr, who added that demand in China is likely to pick up soon:

“Much of the recent pickup in refined copper imports into China has reflected stockpiling by property developers for use as collateral for bank credit,” said Mohr. “However, China’s fabrication demand should strengthen again next spring, with prices surging back to US$4. Copper prices could average just under the US$4 mark through much of 2013.”

Mohr is also bullish on oil, pointing to rising prices for Brent crude, which was hovering around $107 a barrel on Thursday:

“One of my top picks is oil because, despite a lot of uncertainty in the global economy, weak performance in the Euro zone and slow growth in United States, oil prices have remained strong,” she told The Halifax Chronicle-Herald.

Zinc prices are also expected to pick up in 2012 and come on strong mid-decade due to dwindling supply, the newspaper reported.

MINING.COM

[johnsyn]

Copper set for worst performance since 2008 as China says ‘global recession is certain’
Frik Els | November 21, 2011 MINING.COM
.Reuters reports copper hit its lowest in nearly a month on Monday as investors, already mired in worries over Europe’s debt, digested news that US plans to combat debt are in disarray and took in warnings from China about gloomy global growth prospects.

While US politicians’ inability to reach consensus on tackling the country’s debt problems was greeted with little surprise and the Europe crisis has been foremost in investors’ minds for months, the statements by China’s Vice Premier overnight really knocked sentiment. Wang Qishan said that a long-term global recession is certain to happen and China must focus on domestic problems. China is the world’s top copper consumer, taking in about 40% of the world’s copper versus Europe that accounts for 19% of demand.

In early morning trade Monday in New York December copper declined 2.9% to $3.30 a pound. Copper has declined 22% to $7,525 a metric ton on the London Metal Exchange this year, heading for the first annual drop since 2008.

Reuters reports with so little to cheer on the macro side, investors took some comfort from data showing copper stocks, seen to signal demand strength, continued their relentless slide in LME warehouses.

On Friday Bloomberg reported 11 of 23 copper traders surveyed expect the metal to decline, the second consecutive week that their outlook worsened and the highest proportion since Sept. 23. The last time so many were bearish, prices dropped 4.6% the following week.

[johnsyn]

It’s worse than you think: Dr. Copper is Dead
Frik Els | November 23, 2011 MINING.COM
Reuters reports copper hit a one-month low on Wednesday, pressured by worries about the outlook for demand after factory growth in top consumer China slowed in November, a poor bond sale in Germany intensified concerns about the euro zone debt crisis and US efforts to tackle its budget flounders.

Three-month contracts for the red metal fell to a one-month low at $7,168 a tonne in intra-day trade in London and extended its losses in New York where it was trading at $3.27 a pound by early afternoon, its lowest level since October 25 and down 30% from its 2011 high of $4.61 set in February.

Copper used in the power, telecoms and construction sectors is often seen as a barometer for economic growth, but a new research report suggests “Dr. Copper is Dead” and that the red metal, along with oil, have actually been lagging other economic indicators.

In short: things may well be even worse than the fall in the copper price suggests. BusinessInsider quotes the research note from investment bank SocGen:

“Doctor Copper is dead because copper prices will, in our view, not be leading the ongoing slowdown of the global economy. Investors who use the copper price as a leading indicator for the current business cycle downturn are likely to be disappointed as copper is likely to lag other leading indicators. The reason for this is simple: the physical copper market is tight and has tightened further over recent months. The same is true for oil. The physical crude oil market is extremely tight at present, which explains why crude oil prices have been very resilient despite the terrible newsflow coming out of Europe and fears of a global recession.”

[johnsyn]

Record $8.5 billion likely spent in 2011 exploring for gold
Frik Els | September 18, 2011
.Research firm Metals Economics Group reports gold continues to be top exploration target accounting for more than 50% of global exploration of non-ferrous metals for the second consecutive year in 2011. Latin America is set continue to be the industry’s favorite regional exploration destination in 2011, while Canada will remain the top overall country.

Copper will account for roughly a fifth of 2011 nonferrous exploration budgets that is expected to exceed US$17 billion for expenditures related to precious and base metals, diamonds, uranium, and some industrial minerals. It represents an increase of about 50% from the 2010 total and a new all time high.

Budgets for grassroots, late-stage, and mine site exploration have all increased significantly, but the relative proportions allocated to each stage of development are expected to remain relatively stable compared with 2010. Despite a sharp rise in the amount of money planned for grassroots work in 2011, the proportion of the overall industry exploration effort committed to long-term project generation is anticipated to remain near historically low levels—about a third of 2011’s exploration total compared with an average of about half the annual exploration totals through the 1990s.

MEG’s analysis is based on information collected from more than 3,500 companies worldwide, of which about 2,400 are expected to have active exploration programs and will therefore be included in the final study

Last year the 21st edition of Corporate Exploration Strategies (CES) reported a 2010 exploration budget total of $11.2 billion. The industry restored almost two thirds of the $5.5 billion that was cut from exploration in 2009 in response to the global financial crisis. The speed and the strength of the 2010 rebound were a welcome surprise to many, given the severity of the downturn and widespread forecasts of a deep and protracted recession.

Regionally, Latin America (led by Mexico, Peru, Chile, Brazil, and Argentina) was the top exploration destination in 2010—a position it has held for the better part of two decades—while Canada was the top country overall. Gold was the leading target, attracting more than half the global exploration budget total, with copper a distant second. When uranium allocations are added to the $11.2 billion nonferrous total, 2010 planned exploration spending rises to more than $12.1 billion, a 44% increase from the 2009 total including uranium. MINING.COM

[johnsyn]

Chinese copper demand to surge by 40pct by 2015
291 times viewed. Saturday, 17 Sep 2011Reuters quoted an official from the China NonFerrous Metals Industry Association as saying that China's apparent consumption of refined copper will rise by nearly 40% to 8.5 million tonnes per year by 2015.

Mr Zhao Bo director of the association's copper department said that "Despite the prospect of a slowdown for major economies around the world, we believe real demand for copper in China will remain strong as the domestic economy continues to develop.

Mr Bo said that the country's current refined copper demand was 6.2 million tonnes. The government will continue to modernize rural areas, which will increase demand for all sorts of electrical household appliances. Refined copper smelting capacity was expected reach 6.5 million tonnes per year in 2015 from about 4.8 million tonnes this year.

He added that the shortfall between real demand for refined copper and the country's total smelting capacity would in turn widen the need for copper imports.

(Sourced from Reuters)

[johnsyn]

Copper market getting tighter and tighter: Commerzbank COPPER MINING NEWS DIGEST
Copper supplies are getting tighter on higher Chinese imports and copper mine strikes around the world. Decreased availability of high quality ore is also expected to support copper prices.

“Copper is getting tighter and tighter due to supply problems. Not only strikes but also lower ore grades are cutting production, especially in Chile and Peru” said Commerzbank analyst Daniel Briesemann, Reuters reported.

-Data showed that China’s copper imports rose by 8.8% in July. And imports are expected to rise further after the inventories are tapped into and China starts restocking.

-The Copper mine strike at Escondida had caused a 14% in copper production. Possibilities of more strikes around the world especially in Chile (Collahuasi) and Indonesia remain very high.

-Peru’s government is considering increasing mining royalties. This would discourage new investments in this area.

“Recent economic data suggests that global growth could stabilize. Moreover China is starting to import more again. This should Lead to further price gains”, said a Credit Suisse note.

At the London Metal Exchange (LME), copper prices have traded in a range of around $10000 to $8500 for 2011. – Source: http://www.commodityonline.com/

[johnsyn]

Copper may see shortage for third year
Copper will remain in short supply for a third straight year in 2012 as China-led demand boosts prices, Japan’s top producer said.

Demand will likely exceed supply by 495,000 metric tons in 2011, the biggest deficit since 2004, compared with 214,000 tons last year, said Akira Miura, executive officer of the marketing and raw-material department at Pan Pacific Copper Co., Japan’s biggest producer. The shortage may shrink to 31,000 tons in 2012, he said.

Copper, used in wires and pipes, has climbed 18 percent in the past year, reaching a record $10,190 a ton in February, as the global economy recovers from its worst recession since World War II. Higher prices benefit major producers such as BHP Billiton Ltd. (BHP) andFreeport-McMoRan Copper & Gold Inc. (FCX) The metal is favored by Goldman Sachs Group Inc. because of its “superb supply-demand fundamentals.”

“Even though the market deficit will decline sharply, tightness will continue because of a lower stockpile-to-use ratio,” Miura said in an interview on Sept. 1. The global- inventory ratio may decline to a 1.3-month level in 2012 from an estimated 1.4 this year and 2010’s 1.8, he said.

Global output may increase 1.7 percent to 19.5 million tons in 2011 and 6.2 percent to 20.7 million tons in 2012 with new smelting capacity in China, Miura said. Demand may grow 3.1 percent to 20 million tons this year and 3.8 percent to 20.7 million tons in 2012, he said.

Supply Disruptions
“Copper-supply disruptions will amount to at least 8 percent of total production loss this year, compared to 4 percent to 5 percent we had expected earlier in the year,” Goldman analysts Sal Tharani and Sandeep SM said in a report dated Aug. 31.

“Chinese warehouses have significantly depleted their copper stocks, and opening of positive arbitrage between the China and London Metal Exchange prices could mean increase in copper imports into China,” the analysts wrote. Demand for industrial metals will remain “fairly healthy, driven by emerging markets,” they said.

Demand in China, the biggest consumer, may increase 4.9 percent to 7.5 million tons this year and 6 percent to almost 8 million tons in 2012, Miura said. Output is likely to grow 7 percent to 4.9 million tons this year and 13 percent to 5.5 million tons in 2012, he said.

‘10,000 A Ton’
Any supply disruption will push prices higher in coming months as Chinese demand picks up after reducing domestic stockpiles and the government may not further tighten its monetary policy, he said. Demand in Japan may increase moderately to rebuild after the March 11 earthquake, he said.

“We may see copper prices testing the $10,000-a-ton level again this year,” Miura said. Copper for three-month delivery in London rose as much as 0.4 percent to $9,112.75 a ton before trading at $9,070 at 11:34 a.m. in Tokyo.

China’s demand in the first half was “stronger than it appeared,” Macquarie Group Ltd. said. Real consumption counting scrap was up 7 percent in the first half, in contrast with the reported drop of about 7 percent in refined copper demand for the first seven months this year, Macquarie analyst Bonnie Liu wrote in a report dated today.

‘Sustained Strength’
Liu cited “strong output of copper-containing finished goods like air conditioners and electric power cables, and sustained strength in Chinese construction activity.” Real consumption this year will climb 6.3 percent, down from almost 11 percent last year, with stockpiles at reported and unreported warehouses falling by 270,000 tons after an increase in 135,000 tons in 2010, she wrote.

In Japan, production may drop 12.8 percent to 1.35 million tons this year before gaining 13.2 percent to 1.53 million tons in 2012, he said. Demand may decline 3.9 percent to 1.02 million tons in 2011 before growing 2.9 percent to 1.05 million tons next year, he said.

Japan’s exports of copper may drop 12.4 percent to 430,000 tons in 2011, while its imports will likely more than double to 100,000 tons, the highest level since 2007, he said. The country’s imports may plunge 60 percent to 40,000 tons in 2012, while its exports may rise 20.5 percent to 518,000 tons. – Bloomberg

Tags: Copper prices

Posted by CHINA BUSINESS NEWS on Sep 5 2011. Filed under Precious metals.