Comments on: New bull chart for $30,000 copper price: porphyries nearly mined out

By: Devin

Devin — Sun, 16 May 2021 23:31:34 +0000

I’m an electrician and use 1000s of pounds of copper every year on infrastructure of commercial buildings. Aluminum is a poor conductor and loses more energy at longer distances than copper. It won’t replace copper on low voltage applications. Besides line voltage IE power grids or high voltage lines copper is almost exclusively used. Recycling is usually just what’s left over from the job, a lot of times old cables are just abandoned in the buildings, I’ve seen cables from the early 1900s with fabric insulation in buildings it was copper they used back then too. It cost money to demo out the old cables so owners just leave them. Cable prices are rocketing and scrap cost is too.

By: Zig Lambo

Zig Lambo — Sun, 16 May 2021 21:49:13 +0000

There is still quite a bit of copper out there that hasn’t been developed and yet would be reletively easy to do in decent locations. A good example is Whipsaw next to Copper Mountain in BC. Based on previous work, there could be over 500 MT there for easy development at over $50/t current metals prices. There are also others in BC.

By: Jeffrey Sawicki

Jeffrey Sawicki — Sun, 16 May 2021 21:02:32 +0000

In reply to SK Sachdeva. They'll just use aluminum to replace copper Tin is the real winner with the semiconductor computer chips boom. Lots of soldering going in

By: SK Sachdeva

SK Sachdeva — Sun, 16 May 2021 15:06:37 +0000

Copper demand will rise in future as EV is the future which consume 65 to 100 kg copper.

By: Murrstir

Murrstir — Sun, 16 May 2021 02:26:49 +0000

In reply to R Diogo. Too funny. Copper won't be alone in that plunge.

By: Batcher1

Batcher1 — Sat, 15 May 2021 22:25:52 +0000

In reply to R Diogo. Disagree copper output and discoveries are not keeping pace with where the world I going. Government stimulus to increase productivity and get economies improved due to covid 19 will increase the use and manufacturing of copper. New techs EV and infrastructure development as well as defence appliances are all putting strain on prices. China’s growth will continue and India will be gaining economic strength in coming years after vaccines are fully implemented.

By: R Diogo

R Diogo — Sat, 15 May 2021 06:24:26 +0000

Speculation and a flood of fresh printed ? USD is driving the prices higher.
This predictions of sky high futures from people with a specific agenda lack reality.
80 to 95% of all copper produced has been and will RECYCLED.
The growth of electrification is being done using Aluminium
Copper is destined to thin wiring cars electronics ..small stuff.
Copper prices will plunge the day after FED raises or signals the rate rise….