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CYCLES: Copper & Zinc miners

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CYCLES : Copper & Zinc minersCopper mining Co's > http://www.miningfeeds.com/copper-mining-report-canada

CYCLE in FCX & Copper.. all: 5yr: fr.11/2015 / usually 7-9 mo's, recently bottomed; end Aug. 2019

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FCX is more volatile... so the cycle highs and lows may be easier to spot

CU, FCX & TMV (Bear on Bonds) ... fr. 9/2015 : 10d / Last: Cu:$2.59, FCX:$10.47, TMV:$10.73

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COPPER
Copper Continuous Contract (NYM) update / Last: $2.55

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Teck.a- CS.t- FCX ... 2-yr /
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==

Southern Copper Corporation

The stock of Southern Copper (SCCO) broke sharply higher several times throughout 2017. The shares finished that year on an even stronger note, rising more than 12.5% in the month of December alone. Since hitting an all-time high above $58 in April 2018, the stock has declined to a low in January 2019, falling briefly below $30.00 before steadily climbing back to $41.85 per share. The company continues to pay a 3.88% dividend, which could be attractive to income-seeking investors.

  • Average Volume: 1,079,390
  • Market Cap: $32.36 billion
  • P/E Ratio (TTM): 32.13
  • EPS (TTM): $1.29
  • Dividend and Yield: $1.60 (3.88%)

Freeport-McMoRan Inc.

As the world's largest copper miner, Freeport-McMoRan (FCX) suffers during copper price declines, but it stands to prosper if copper recover. True to form, Freeport shares posted dramatic gains in December 2017, rising 36% over the course of the month as the outlook for copper pricing improved. That strong performance demonstrated that Freeport is in the best position worldwide to increase production and take advantage of profitable copper prices, and it even allowed the company to resume its dividend. However, the recent copper price declines have had a harsh impact on the stock. By January 2019 the stock fell to below $10 per share, before rising to its current price of $14.25.

  • Average Volume: 21,442,018
  • Market Cap: $20.66 billion
  • P/E Ratio (TTM): 6.44
  • EPS (TTM): $1.98
  • Dividend and Yield: $0.20 (1.41%)

BHP Billiton Limited

BHP Billiton (BHP) has a widely diversified mining operation, but it makes the list of copper stocks to watch because it owns BH Copper. The stock began to climb steadily starting in mid-June 2017, and after essentially moving sideways for a few months, it ticked sharply upward at the end of the year along with its industry peers. BHP Billiton shares have participated in the bout of market volatility starting in February 2018 that persisted through December of that year. 2019 so far has been a good year for the stock as it has risen from below $45 to its current price of $55 per share. BHP's diversified operations may help insulate the stock from the risk of additional downside in copper prices.

  • Average Volume: 2,648,004
  • Market Cap: $139.08 billion
  • P/E Ratio (TTM): 34.32
  • EPS (TTM): $1.39
  • Dividend and Yield: $2.52 (3.97%)

Anglo American plc 

This company mines for a variety of metals, including copper. The chart on Anglo American (AAUKF/AAL.L) shows a steady and orderly rise throughout most of 2016, but the stock was in a base through the first part of 2017. It broke out of that base in June and began climbing, ending the year with strong gains. More recently, the stock has seen plenty of volatility but failed to post significant gains, reaching a 52-week high at the time in May 2018 before erasing its gains for the year as copper prices went south. 2019 has seen the stock recover, hitting a new 52-week high of $28.81 per share in April. The company has been in business since 1917, so this remains a reliable pick for those who want exposure to miners in general and copper in particular.

  • Average Volume (AAL.L): 5,587,387
  • Market Cap: GBp 20.762 billion
  • P/E Ratio (TTM): 6.93
  • EPS (TTM): GBp 236
  • Dividend and Yield: GBp 0.77 (4.59%)

Rio Tinto plc 

Rio Tinto (RIO) pays a 14.1% dividend due to a special dividend announced for the Spring of 2019. Production levels have been rising, although the stock price has posted significant declines recently along with the downturn in copper prices. The company mines other metals besides copper, which helps stabilize the stock price because Rio Tinto is not dependent on the price of any single metal for profitability. The stock slumped through the end of 2018 but has rallied into 2019, making a new 52-week high in April.

  • Average Volume: 3,158,298
  • Market Cap: $102.45 billion
  • P/E Ratio (TTM): 8.78
  • EPS (TTM): $5.55
  • Dividend and Yield: $2.54 (14.1%)

FCX vs Copper, CS.t ... update

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===

Basic Data Points
Company Ticker Volume
Northern Dynasty Minerals Ltd. NDM.TO 324,888
Polymet Mining Corp. POM.TO 155,274
Cantex Mine Development Corp. CD.V 170,018
Taseko Mines Ltd. TKO.TO 132,036
====
(from one of those brief copper rallies):

Canadian companies such as Hudbay Minerals Inc. (up 52.61 per cent year-to-date), Imperial Metals Corp. (up 71.88 per cent), Taseko Mines Ltd. (up 10 per cent) and Capstone Mining Corp. (up 6.5 per cent) are among some of the major copper producers riding the latest copper rally.

Brain Bergot, vice-president investor relations at Taseko, which owns 75 per cent of B.C.’s Gibraltar Mine, says he’s optimistic about an industry readjustment, fuelled by shrinking copper supply and a sliding loonie. But he’s concerned about China’s economic slowdown.

> source

 
Mar 21, 2019 - Canada is one of the world's major copper producers, with the highest concentration of the metal being sourced in Ontario and B.C. Most ...
 
 
Mar 5, 2019 - 4 Canadian Copper Stocks Set to Shine in 2019. Ero Copper Corp. ( TSX:ERO) – $17.06. Copper. Taseko Mines Limited (TSX:TKO) – $0.90. Copper. Bell Copper Corporation (TSXV:BCU) – $0.115. Copper. Crown Mining Corp. ( TSXV:CWM) – $0.12. Copper.

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CA:TECK.A - COAL & COPPER
Teck Resources Ltd. Cl A ... All-Data: 10yr: 5yr: 2yr: 1yr: 6mo: . update : LAST (9/20/19): $23.25
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2yr: 1yr: 6mo: .
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Teck.a- CS.t- FCX ... 2-yr /
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==
 

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Copper vs. HK2823, FCX ... 6mo : 10d / Last

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. 6mo :

xx

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The FCX rally may be fizzling out

FCX .... update : Last:

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CYCLE in FCX & Copper... all-data : 5yr : fr.11/2015 / 7-9 months, recently bottomed at end of Aug. 2019

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FCX is more volatile... so the cycle highs and lows may be easier to spot

Ratio: FCX-to-Copper

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Is the Big Market Cycle About to Turn? (w/ Ron William)

RW says some sensible things, but is looking at a longer cycle - like 10 years

The Long term Copper chart ( w/FCX ) does not suggest a 10-year Cycle is rolling over

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CU-etc... since 2011 :

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CU, FCX & TMV (Bear on Bonds) ... fr. 9/2015 / Last: Cu:$2.59, FCX:$10.47, TMV:$10.73

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FCX & TMV ... fr. 1/2012 : 10d :

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Ratio: FCX:$10.47, TMV:$10.73 : 97.6%

image.png

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teck to fcx - weak coal?

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Successful Inv says buy Teck Resources

2019-09-13 20:49 ET - In the News

The Successful Investor, in the September, 2019, issue, says buy Teck Resources Ltd., recently $23. The Investor previously said buy 31 times from September, 1996, to February, 2019, at prices ranging from $10 to $90 (the stock split 2 for 1 in May, 2007). Assuming a $1,000 investment for each of the 31 buys, the $31,000 position is now worth $43,493. Teck produces coal, copper, zinc and oil. Those products made up 51 per cent, 21 per cent, 19 per cent and 9 per cent, respectively, of the $3.14-billion in revenue that Teck took in during the quarter ended June 30, 2019. That figure was up from $3.02-billion in the same period a year earlier. Despite the revenue increase, Teck's earnings of $459-million of 81 cents a share were down sharply from the year-earlier level of $653-million or $1.12 a share. The drop largely reflects lower prices for coal, copper and zinc. The Investor is unfazed, noting in particular that the long-term outlook for copper is positive and Teck is an "enviable position" to take advantage of that. Teck now trades at just 6.3 times its likely 2019 earnings of $3.63 a share, and its dividend yield is 0.9 per cent. Buy.

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lithium stocks correlate with copper stocks, and tmv (bear on rates) too

lit -etc ... 3-yr : fr. 9/25/2016 : 10d / Lit: $24.21, Fcx: $10.00, Tmv: $10.56

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Can Capstone catch up... with FCX?

CS.t vs FCX ... update / Last: $0.56 +0.02 / FCX: $11.64 +0.31 = Ratio-4.81%

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Ratio: CS.t to FCX: 4.81%

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Copper vs.FCX ... update : $2.748 / $11.64

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Project Generators. w/REN, LRA, RRI : + CS/Capstone / Lara Exploration has Copper

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LRA vs. CS & FCX ... fr. Jan.2016 : Jan.2018 : 5yr: 2yr: 1yr: 6mo: 10d / LRA: 0.475, CS: 0.63, FCX: $13.06

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LRA-to CS / Lara & Captone are both Copper-related .... Ratio:75.4%, vs. 117% high

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Jul 23, 2019 - Vancouver-based Lara Exploration's (TSXV: LRA) stock soared over 16% Tuesday after reporting drill results from its Planalto copper project in .

NEW DRILLING coming at Homestead Target, in Planalto - Nov. 4, 2019

The Company plans approximately another 2,000 metres of diamond core drilling
by year end, focused primarily on extensions of the Homestead Target, where
copper-gold mineralization is already recognized to underlie an area with
dimensions of more than 350m north-south and 350m east-west and is open down
dip to the west of the current drilling (see Company news release of July 23,
2019 for details).
About the Planalto Project

The Planalto Copper Project covers meta-volcano-sedimentary sequences and
intrusives of early Proterozoic-age with IOCG-type mineralization, located
near Vale's Sossego copper mine and Oz Minerals Antas copper mine, in the
Carajás Mineral Province of northern Brazil. Lara has the option to purchase
100% of the Planalto Project by making staged cash payments totaling
US$500,000 (US$200,000 paid to date) and paying a 2% NSR royalty on any
production (Lara retains the right to purchase 50% of this royalty for a cash
payment of US$2 million). Lara has a staged earn-in agreement with Capstone
Mining Corp., (see Company news release of February 4, 2019 for details),
whereby Capstone can earn up to a 70% in the Project by funding exploration,
feasibility studies and electing to finance, build and manage a commercial
mining operation, with Lara repaying its pro-rata share of the production
financing out of cash flow.

About Lara Exploration

Lara is an exploration company following the Prospect Generator business
model, which aims to minimize shareholder dilution and financial risk by
generating prospects and exploring them in joint ventures funded by partners.
The Company currently holds a diverse portfolio of prospects, deposits and
royalties located mostly in Brazil and Peru. Lara's common shares trade on the
TSX Venture Exchange under the symbol "LRA".

LRA (30%) & CS (70%) have a JV together - at Planalto

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====

UPDATE FOR THE CELESTA COPPER PROJECT IN BRAZIL (previously, Maravaia project)

Lara Exploration Ltd. has provided a progress update on its Celesta copper project (previously known as the Maravaia copper project), located near the town of Curionopolis, in the Carajas mineral province, Para state, northern Brazil.

Lara owns a 2-per-cent net smelter returns royalty on the project and a 5-per-cent carried (to production) equity interest in the operating company Celesta Mineracao SA, which is jointly operated by partners Tessarema Resources Inc. (with 40-per-cent interest) and North Extracao de Minerio Ltda. (with 55-per-cent interest). Ocean Partners U.K. Ltd. provided loans to Tessarema during the development phase of the project (which now sit within Celesta) and is providing additional loans to finance the stripping, plant improvements and working capital in exchange for a life-of-mine offtake rights. The new corporate documents and pledges to Ocean Partners have now been duly registered and the additional debt financing made available. Lara is owed a $1-million (U.S.) late penalty fee, as the project was supposed to achieve commercial production in 2018. Celesta has assumed this obligation and will pay Lara in 10 monthly payments of $100,000 (U.S.), the first of which was due on Oct. 30, 2019, which has now been paid.

Celesta's development and mining program will initially focus on the Osmar target that has an indicated resource estimate of 2.14 million tonnes, with average grades of 4.2 per cent copper and 0.66 part per million gold...

NEWS

Date ET Symbol Price Type Headline
2019-12-02 17:39 C:CS 0.56 News Release Capstone Mining drills 20 m of 2.2% Cu at Cozamin

=====

Symbol: Last : BkVal : %Bk.: Sh.OS: MktCap: Debt-: EntVal.: NPBUI: OzPrd: EVal./oz
LRA.v. : 0.475: $0.05 : 10.3x : 38.6M: 18.35M: 0.00M: 17.2M: (1.55M)
CS.t.   : $0.64: $1.87 :  34 %:  400.M:  264.M :  213,M: 521.M: +86.6M:
RRI,v.  : 0.135: $0.19 :  72.%:  62.8M:  8.48M : - N/A- : 1.95M: (1.06M)
REN.v  : 0.325: $0.07 : 445%: 68.5M: 22.25M: 0.22M: 19.2M: (1.82M)
GOLD.t: $1.21: $0.49 : 249%: 140.M: 169.0M : 0.01M: 165.M: (6.46M)
PGM.v : $0.71: $0.15 : 467%: 358.M: 254.5M: 10.6M: 179.M : (16.4M)
HRT.v  : 0.125: (0.03): Infin. : 678.M: 84.59M: 95.6M: 176.M : (19.1M)
VIT.v.   : $8.41: $5.28: 159%: 57.2M: 481.0M: 293.M: 636.M: (37.0M): 220kE: $2,891
GCM.t : $4.96: $4.89: 101%: 53.3M: 264.2M: 92.8M: 294.M: +127.M: 237KE: $1,241
Gldx.v : $2.17:  $0.72: 000%: 25.0M: 75.73M: - N/A-: 69.6M: (6.09M) 152kE: $2,947*
Roxg.t : $0.92: $0.44: 210%: 372.M: 341.8M: 38.0M: 369.M: +67.1M: 150kE: $2,460
=====

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Some Canadian companies with Copper assets

FCX -vs-Can.Copper ... all-data: 10yr: 5yr: 4yr: 2yr: 1yr: 6mo: 10d/

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4yrD: from Dec.2015: 2yr: 1yr: 6mo: 10d/

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WRN.t / Western Copper & Gold ... All: 10yr: 5yr: fr.Dec'15: 4yr: 2yr: 1yr: 6mo: 10d/ Last: $1.07 - CU Sector Leader?

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WRN to-FCX Ratio

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TKO.t / Taseko .. All: 10yr: 5yr: fr.Dec'15: 4yr: 2yr: 1yr: 6mo: 10d/ Last: $0.00 - operates Gibraltar Mine, 2nd largest open-pit copper mine in Canada

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Canadian Copper
Symb./ Company—— : Last-$: BkVl.: Pr/BV: MktCp: EntVl.: Ebitda: EV/Eb.: E.P.S: PER :
TKO.t / Taseko Mines- : $0.60: $1.28: 47.0%: 148.M: 487.M: 52.0m: r-9.37: (.268):
CS.t.  / Capstone Mng.: $0.73: $1.87: 39.0%: 292.M: 569.M: 86.6m: r-6.57: (0.18):
Cmmc/ Cop’rMountain: $0.71: $1.23: 58.0%: 136.M: 509.M: 45.7m: r-11.1: (0.05):
Dcmc/ DoreCop’rMng.: $1.34: $2.48: 54.0%: 34.5M: 3.72M: - N/A-  : r-N/A: (0.86):
WRN.t/ Western Copr. : $1.07: $0.47: 228%: 115.M: 112.M: - N/A-  : r-N/A: (.026):
Wcc.v/ ConsWoodjam: $.040: $0.06: 65.0%: 3.61M: 3.53M: - N/A-  : r-N/A: (.002)
ETF.v / Eastfield Res.- : $.040: $0.05: 74.0%: 1.87M: 1.56M: - N/A-  :  r-N/A: (.005)
LRA.v / LaraResources: $0.56: $0.00: x12.2 : 21.6M: 20.3M: -N/A-  : r-N/A: (.053)

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TKO.t / Taseko .. All: 10yr: 5yr: fr.Dec'15: 4yr: 2yr: 1yr: 6mo: 10d/ Last: $0.60

- operates Gibraltar Mine, 2nd largest open-pit copper mine in Canada

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TKO -vs. FCX, CS.t... fr.Dec.2015 : xxx : 10d/

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recent bottoms

Cs, cmmc and tko all hit bottom in november and all took off at the same time. Cmmc and cs did 50% and tko 18%.

My advice to cmmc and cs holders is take your 50% and swing it into tko for a large share expansion and enjoy the ride. Of course I have been known to be wrong sometimes.
Happy guessing:))...read more

RE:RE:RE:RE:Taseko

All fluff  wrote Your problem mk is in your imagination. Tko is not going to sell half of florence for 300 million. U missed the 12 million gib expansion and eficiency program happening as we...read more

 

Taseko Mines Limited

...is a mid-tier copper producer located in British Columbia, Canada. It operates Gibraltar Mine, the second largest open-pit copper mine in Canada, and is in the planning stages for several other mines including the Prosperity Mine, Harmony, and Aley.

> Wikipedia

 

Taseko Mines Ltd. (TKO) Comments

The first stock on the list boasts considerable long-term growth potential. Taseko is the majority owner and operator of the Gibraltar Mine, Canada’s second largest open-pit copper-molybdenum mine. The company, headquartered in Vancouver, has other advanced-stage products including the Aley niobium, Harmony gold and New Prosperity copper-gold projects.

The company just got the go-ahead from Canada’s Supreme Court to start geotechnical work at its New Prosperity mine. Taseko’s Florence Copper project is also performing well, with its test facility exceeding original expectations and their leach solution reaching commercial-grade in only six months, as opposed to a year.

BMO Capital analyst Jackie Przybylowski says, “Taseko continues to pursue growth beyond its flagship Gibraltar mine, and after several false starts, Taseko finally might have success with the Florence in situ copper leach project.” She initiated coverage with a Buy rating and average price target of $1.

For the quarter ending March 31, the company reported adjusted EBITDA of $10-million as well as earnings of $16-million from mining operations before depletion and amortization. While the results represented a net loss of $8-million, copper production for the quarter managed to surpass expectations despite harsher-than-usual winter weather conditions and harder ore in the Granite Pit pushback.

CEO and president Russell Hallbauer expects growth to continue into 2019. He said, “With a grade profile similar to 2018, copper and molybdenum production are expected to increase through 2019, and our previously stated guidance remains unchanged at 130 million pounds, plus or minus 5 per cent."

On June 28, Don DeMarco, a National Bank analyst, reiterated his Buy rating on the stock as well as his $1.25 price target. “Despite the loss reported for the quarter ending March 31, we believe Taseko stock is poised to recover,” Mr. DeMarco stated.

With 2 buy ratings vs. 1 hold over the last three months, the consensus among analysts is that Taseko is a Moderate Buy. The stock has a $1.17 average price target, boasting upside potential of 72 per cent.

> source: https://www.theglobeandmail.com/investing/investment-ideas/article-three-canadian-mining-companies-with-strong-upside-potential/

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COPPER OUTLOOK may be bright in 2020

COPPER - since Dec.2015 : All: 10yr: 5yr: 2yr: 1yr: 6mo: 10d/ Last: $2.825 -yr.L: 2.425, chg,:

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vs. OIl (USO) and Uranium (U.t) ... from 1/2010 : w/SLV :

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copper - since Dec.2015 :

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from Dec.2017 : 2yr: 1yr: 6mo: 10d/ Last: $2.825

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Stanley Druckenmiller likes some commodities - incl. Copper

"We don't own Energy... probably should"

Shifted to: "Owning stuff that will do well in a higher growth world"

Druckenmiller on 2020 Outlook, Monetary Policy, U.S. Election

/ 2 /

Mining Investment Guru Rick Rule Talks Copper

Click to enlargeRick Rule, President and CEO of Sprott US Holdings, is one of the most successful brokers of natural resource investments ever. A staunch contrarian, Rule looks to buy natural resource businesses for bargain prices after they’ve suffered large declines. Through the years, his disciplined investing style has made his clients billions of dollars in natural resources like gold, silver, copper, uranium, agricultural products, and even water.
 
According to Rick, the global supply of copper has becoming constrained. He explains the relative impact of an extended period of lower prices and low investment in a productive capacity.
 
However, he says prices are set at the intersection of supply and demand.
 
In an exclusive audio conversation with Stockhouse Editorial we recently asked Rick where he thinks copper pricing and supply / demand is headed for in 2020, if mining jurisdictions really matter, and the significance of China as major market player: 

(Click above to play audio)

With the obvious increasing demand for copper presenting itself to the global economy we see this as a sector that Canadians should keep their eyes on in 2020.
 
This perspective is high on the mind of Canadian copper professionals as well, like Go Metals (C.GOCO) CEO, Scott Sheldon who stated:
 
“Copper is a key component for transportation, electronics and construction. The electrification of transport plus world population growth points to continued acceleration for copper demand. Potentially large projects like our Monster have the ability to generate a lot of interest from companies looking to ensure continued access to copper.”

Metals & mining market analysts say the long-term outlook for copper looks positive. Supply remains relatively constrained because of disruptions in countries such as Indonesia and Chile, while many expect demand to rise as more consumers transition to EVs. Because investors remained wary of a short-term demand slowdown, anticipation of those future shortages had done little to lift copper prices for much of the year…until recently.

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COPPER stocks

CS.t-etc: FCX, Copper, TKO.t .. since 2016: 6.10.17: yy: zz: 10yr: 5yr: 2yr: 1yr: 6mo: 10d/ C$0.81, 13.21, 2.847, C$0.76

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: 6.10.17: yy: zz: 10yr: 5yr: 2yr: 1yr: 6mo: 10d/ C$0.81, 13.21, 2.847, C$0.76

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