Copper demand

[AdamsSamoa]

https://www.kitco.com/news/article/2024 ... opper-ever

[shinnosuke]

Is there that much copper left to mine from the earth's crust, or must we include mining on asteroids?

[JerrySpringer]

I'll believe the Kitco article when we start seeing copper prices breakout. For past 50 years, copper price has matched inflation very closely. I think the availability of copper cents still in circulation is not a thing to ignore or pass off. I just wish I had a decent way to store a large amount of them

[pmbug]

Bold is mine:

The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply with new U.S. and UK sanctions imposed for Russia's invasion of Ukraine.
...
The announcement of the ban was made while trading was closed for the weekend.
...
The officials said continued trading of Russian metals off of the exchanges is expected to be at a discount and that it does not restrict supply.

The share of available aluminium stocks of Russian origin in warehouses approved by the LME stood at 91% in March, while the proportion of copper stocks rose to 62% from 52% in February. ...

The high share of Russian-origin metal in LME inventories has been a concern for some producers, who compete with Russia's Rusal, and some Western consumers who have avoided Russian metal since Moscow's invasion of Ukraine in 2022.
...

https://www.reuters.com/markets/commodi ... 024-04-13/

Industrial metals trading might get a bit wild this week.