Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
http://www.businessinsider.com/copper-production-by-region-2014-4
A massive 8.0 earthquake just struck off the shore of Chile, and a tsunami warning has been issued.
One of the first markets to react was the commodities market with copper prices ticking higher.
It was a modest $0.02 jump, but it was a clear and noticeable jump.
Why did this happen?
Chile is the largest producer of the world's copper.
Check out the pink block in the chart below from Morgan Stanley.
For some context, here's Morgan Stanley's Adam Longson on the current state of the copper supply:
An acute global copper scrap shortage that ultimately cannibalized the refined market in China was the key driver behind lower-than-expected supply growth in 2H13. We expect this phenomenon to spill into 2014. Meanwhile, this year has already seen an extended strike at most of Chile’s key copper exporting ports which, according to Codelco, affected at least 20Kt of copper shipments.
Read more: http://www.businessinsider.com/copper-production-by-region-2014-4#ixzz2xj6CCEgr
A massive 8.0 earthquake just struck off the shore of Chile, and a tsunami warning has been issued.
One of the first markets to react was the commodities market with copper prices ticking higher.
It was a modest $0.02 jump, but it was a clear and noticeable jump.
Why did this happen?
Chile is the largest producer of the world's copper.
Check out the pink block in the chart below from Morgan Stanley.
For some context, here's Morgan Stanley's Adam Longson on the current state of the copper supply:
An acute global copper scrap shortage that ultimately cannibalized the refined market in China was the key driver behind lower-than-expected supply growth in 2H13. We expect this phenomenon to spill into 2014. Meanwhile, this year has already seen an extended strike at most of Chile’s key copper exporting ports which, according to Codelco, affected at least 20Kt of copper shipments.
Read more: http://www.businessinsider.com/copper-production-by-region-2014-4#ixzz2xj6CCEgr
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
32 replies
= new reply since forum marked as read
= new reply since forum marked as read