@foxglobalinvest Pt 2, pages 35-37
China demand continues to surprise to the upside, even with property woes & lockdowns.
First 10 mos of 2022: Chinese demand 5.5% higher than 2021
Indian demand surging, grew 30% year-over-year first 10 mos of 2021.
China demand continues to surprise to the upside, even with property woes & lockdowns.
First 10 mos of 2022: Chinese demand 5.5% higher than 2021
Indian demand surging, grew 30% year-over-year first 10 mos of 2021.
@foxglobalinvest Indian copper demand would be one of the enormous surprises this decade.
European demand also surprising, running 3% higher than last year.
European demand also surprising, running 3% higher than last year.
@foxglobalinvest Chilean supply fell unexpectedly ~6%
Escondida all but guaranteed production disappointments from now on.
Escondida all but guaranteed production disappointments from now on.
@foxglobalinvest Copper demand is now running significantly above copper mine supply, further drawing down inventories to levels last seen in 2005, just before copper surged nearly threefold.
“We believe copper could see a massive surge in 2023”
“We believe copper could see a massive surge in 2023”
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