Not anytime soon. Production has ample room to expand upward to meet demand.
Shorterm market squeezes can happen and produce media concern.
We may need a major mine ot two. Canada can produce a hundred mines without breaking a sweat. Chna is now making that discovery with rare earths. shortage in the mining business means a huge property rush, a huge financing rush and a discovery rush worldwide.
We Built this.
A copper squeeze?
Chief Investment Officer & Member of the Executive Committee at Syz Group ¦ 290,000+ followers
Copper is "sold out everywhere."
https://www.linkedin.com/posts/charles-henry-monchau-cfa-cmt-caia-4003096_copper-share-7521888905806172160-a7t_/
China's Yangshan premium just hit a record $200+/ton. Buyers are scrambling for metal with LME prices near all-time highs.
Inventories thin. Smelters cutting output. Demand not budging.
Source: Bloomberg
Sean Zubick
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