London Metal Exchange Tries to Bring Order to Copper Market The London Metal Exchange is trying to make sure it can still meet demand for copper. Bloomberg's Jack Farchy reports. (Source: Bloomberg) 20 oct. 2021
https://www.kitco.com/news/2021-11-...obust-China-data-and-falling-inventories.html METALS-Copper up on robust China data and falling inventories ReutersMonday November 08, 2021 6:19 AM (Recasts, updates prices) By Pratima Desai LONDON, Nov 8 (Reuters) - Copper prices rose on Monday as strong export growth data from top consumer China, falling inventories and the passing of a $1 trillion U.S. infrastructure bill boosted sentiment, though gains were capped by concern over Chinese demand. Benchmark copper on the London Metal Exchange (LME) was up 1.2% at $9,637 a tonne at 1658 GMT. The price of copper, which is used in the power and construction industries, has traded in a narrow $300 range over the past week as the market awaits more definitive information about future demand prospects. "Industrial metals are still faced with headwinds amid signs of an easing energy crisis and demand destruction that added pressure on the economic outlook from the largest consumer (China) and elsewhere in the world," said ING analyst Wenyu Yao. "As a result, the outcomes from China's Politburo meeting this week will be closely scrutinised for clues on demand-side prospects for metals." EXPORTS: China's export growth beat forecasts, helped by booming global demand ahead of the winter holiday season, an easing power crunch and improvement in supply chains that have been badly disrupted by the COVID-19 pandemic. COPPER: Stocks in LME-registered warehouses have more than halved since late August to 115,525 tonnes. Cancelled warrants - metal earmarked for delivery - at 62% suggests overall stocks are set to fall further. Concerns about copper availability on the LME market have created a premium for cash copper over the three-month contract . USA: President Joe Biden on Saturday hailed congressional passage of a long-delayed $1 trillion infrastructure bill, which supported sentiment in industrial metals markets. TECHNICALS: Copper has yet to break decisively below a congestion area between $9,450 and $9,490, which houses the 50-day moving average, the 100-day moving average and a Fibonacci retracement level. Further strong support comes in at $9,350, where the 200-day moving average currently sits. OTHER METALS: Aluminium rose 2.1% to $2,609 a tonne, zinc added 1.4% to $3,273, lead rose 0.2% to $2,357, tin was up 0.9% at $37,400 and nickel gained 1.1% to $19,640. (Reporting by Pratima Desai Editing by David Clarke and David Goodman) LME price overview COMEX copper futures All metals news All commodities news Foreign exchange rates SPEED GUIDES ))
https://www.barchart.com/stocks/quotes/DSM.VN/overview Barchart Technical Opinion WEAK BUY 1st time in a few months WOW
https://www.stockwatch.com/News/Item/Z-C!DSM-3167241/C/DSM Deep-South notes filing extension for Ministry of Mines 2021-11-12 11:02 ET - News Release HIGH COURT OF NAMIBIA ORDERS THE MINISTRY OF MINES TO FILE FURTHER DOCUMENTS WITH THE COURT NO LATER THAN NOVEMBER 18, 2021 At the court hearing on Nov. 11, 2021, the legal counsel of the Ministry of Mines and Energy of Namibia requested an additional week to complete its filing of the documents supporting the decision of the Minister to refuse the copper licence renewal for Haib Minerals, Deep-South Resources Inc.'s fully owned subsidiary. The High Court of Namibia granted the Ministry the requested time to complete the filing. Deep-South's legal counsel will have ten court days to review the documents of the Ministry and decide if the Applicant Haib Minerals will supplement its affidavit and supporting documents. Furthermore, Haib Minerals legal counsel in a status report also requested the court to issue an Order to facilitate a fair and expeditious determination of the Haib Minerals original application to review the decision of the Minister. The Court will hold another hearing on November 25, 2021, to define the further procedures with regards to the review of the decision of the Minister. The Company will provide regular updates in this regard and any other matter concerning this situation. Corporate update While recuperating Haib Copper mineral rights remains a top priority, Management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place. The Company will provide an update on the matter in due course. The Management is determined to develop Deep-South as a developer of important copper projects. Notes on the Court application to review the decision of the Minister to not renew the Haib Copper licence As disclosed in our press release dated June 16, 2021, the Company had received notice from the Ministry informing the Company that its application for the renewal of its EPL had been denied citing the Company's inability to advance the EPL to Pre-Feasibility and complete the proposed drilling program as planned. The Company maintains that the Ministry was kept well apprised, with no objection on their part, of a proposed change from the Pre-Feasibility study to an upgraded Preliminary Economic Assessment (PEA) and commencement of a full feasibility study. The latter was already started at the time of the refusal. Moreover, the Ministry issued all permits required for the drilling program and are well aware that Deep-South has completed the drilling program.
DEEP SOUTH RESOURCES............DSM.V The market is approaching oversold territory. Be watchful of a trend reversal.
https://www.kitco.com/news/2021-11-...very-and-global-energy-transition-report.html World copper demand to grow on economic recovery and global energy transition - report Vladimir BasovThursday November 18, 2021 16:51 (Kitco News) - Copper is entering a stronger demand phase, supported in the immediate term by economic recovery and a pickup in industrial production, and in the longer term by the global energy transition, which is boosting demand for copper in renewable energy technology and battery storage. This was reported by the Australian Government Department of Industry, Science, Energy and Resources (DISER). “Emerging technologies, such as electric vehicles and portable consumer devices, are also likely to play a role in building copper demand over time. Infrastructure spending in a range of countries (most notably the US) presents a further potential upside to copper demand over the outlook period, though the scale of this is not yet clear,” DISER said in its report. Refined copper consumption is expected to increase by 4.4% in 2021, to reach 26 million tonnes, DISER added, with activity expected to follow broader trends in industrial production. Total world consumption is forecast to reach 27 million tonnes in 2023, increasing by 5% over the two years of the outlook period. According to the report, China accounted for more than half (54%) of global refined copper consumption in 2020, in addition to being the largest refiner of copper (42%). “This position at the heart of the global copper market makes China highly influential with regard to global copper prices and investment decisions,” the authors of the report noted. Chinese copper consumption peaked in the September quarter 2020 and subsequently declined for two quarters, but is now recovering again at a moderate pace, DISER said. Copper prices, which have surged in 2021, are expected to retain most of this gain in the years ahead, with demand supported by economic recovery and the expanding use of copper in low-emissions technology. By Vladimir Basov For Kitco News
DATES AND FACTS November 18, 2021 The legal counsel of the Ministry of Mines and Energy of Namibia completed its filing of the documents supporting the decision of the Minister to refuse the copper licence renewal for Haib Minerals, Deep-South Resources Inc.'s fully owned subsidiary. Deep-South's legal counsel will have 10 court days to review the documents of the Ministry and decide if the applicant Haib Minerals will supplement its affidavit and supporting documents. November 25, 2021 The court will hold another hearing to define the further procedures with regards to the review of the decision of the Minister. MINISTRY ARGUMENTS The Ministry informing the company that its application for the renewal of its EPL had been denied, citing the company's: (1) Inability to advance the EPL to prefeasibility (2) Complete the proposed drilling program as planned. DSM ARGUMENTS The company maintains that the Ministry was kept well apprised, with no objection on its part, of: (1) A proposed change from the prefeasibility study to an upgraded preliminary economic assessment (PEA) and commencement of a full feasibility study already started at the time of the refusal. (2) The Ministry issued all permits required for the drilling program and is well aware that Deep-South has completed the drilling program.
DSM BUSINESS AGENDA While recuperating Haib Copper mineral rights remains a top priority. (1) Management continues to seek other copper projects in safe jurisdictions. (2) Some projects have been identified and discussions with their owners are taking place. (3) The management is determined to develop Deep-South as a developer of important copper projects.
From Nov. 12 PR HIGH COURT OF NAMIBIA ORDERS THE MINISTRY OF MINES TO FILE FURTHER DOCUMENTS WITH THE COURT NO LATER THAN NOVEMBER 18, 2021 Deep-South's legal counsel will have 10 court days to review the documents Nov 28 ??? The court will hold another hearing on Nov. 25, 2021, to define the further procedures with regards to the review of the decision of the Minister
Deep-South, Namibia mining ministry set filing dates 2021-12-01 09:13 ET - News Release An anonymous director reports DEEP-SOUTH UPDATES THE RECENT HIGH COURT HEARING IN NAMIBIA Deep-South Resources Inc. says that the legal counsel of the Ministry of Mines and Energy of Namibia proceeded with its last filing on Nov. 17, 2021. The filing did not include any documents supporting the decision of the Minister to deny the renewal of the Haib Copper licence. Therefore, the Ministry has not provided any evidence supporting the decision of the Minister. At the Court hearing on November, 25, 2021, in the absence of the judge, Deep-South's legal counsel and the legal counsel of the Ministry agreed to request the court to issue - Deep-South will file additional documents to support its original affidavit by an Order to approve the following scheduleecember 15, 2021. - The additional documents will include expert advice covering the exploration work carried out by Deep-South on the project and the work program proposed for the renewal of the Haib Copper licence. -The documents will also include an update of the funds invested in the project development. The court will be closed for annual recess between mid-December 2021 and mid-January 2022. - The Ministry will have until February 14, 2022 to file their defense affidavit. Deep-South will have until February 28, 2022 to reply with its last affidavit. -The Court will hold another hearing on March 3, 2022, to define the further procedures with regards to the review of the decision of the Minister. The Company will provide regular updates in this regard and any other matter concerning this situation. Corporate update While recuperating Haib Copper mineral rights remains a top priority, management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place. The company will provide an update on the matter in due course. The management is determined to develop Deep-South as a developer of important copper projects. About Deep-South Resources Inc. Deep-South Resources is a mineral exploration and development company. Deep-South's growth strategy is to focus on the exploration and development of quality assets in significant mineralized trends and in proximity to infrastructure in stable countries. In using and assessing environmentally friendly technologies in the development of its copper project, Deep-South embraces the green revolution. We seek Safe Harbor. © 2021 Canjex Publishing Ltd. All rights reserved.
While recuperating Haib copper mineral rights remains a top priority, management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place. The company will provide an update on the matter in due course. The management is determined to develop Deep-South as a developer of important copper projects. In fact several projects are currently under DD analysis. Some investors are accumulating the stock knowing the price will bounce back to 0.25-0.30¢ when a new deal is done
Join with us on the bid #DSM #DSMTF VSM - DEEP SOUTH RESOURCES INC - http://www.deepsouthresources.com 13:56:14 EST Bid size.....bid......- Ask .......ask size...Last.....Vol 291.0 .....0.05......0.055.....91.0.........0.055.....11.0
Pierre (DSM CEO) is very active completing DD on copper projects in Canada, Latin America and Africa. These are advanced exploration prospects, some with drilling and inferred resources. Namibia is not part of these candidates. I have not seen any documents supporting the Ministry of Mines and Energy decision to decline renewal of the EPL. 315,000 shares bidding @ 0.05 ......Fell free to add some more.......
https://www.stockwatch.com/News/Item/Z-C!DSM-3187300/C/DSM ORIGINAL: Deep-South Requests the Judge to Render a Decision in the Review Case with the High Court of Namibia Concerning Haib Copper Licence Refusal 2021-12-21 08:42 ET - News Release VANCOUVER, BC, Dec. 21, 2021 /PRNewswire/ - Deep-South Resources Inc. ("Deep-South" or "the Company") (TSXV: DSM) announces that the Namibian legal counsel of the Company and its subsidiary, Haib Minerals (Pty) Ltd ("Haib"), have amended and supplemented the original application on behalf of Haib with the High Court of Namibia for an order that the Minister of Mines and Energy should grant the renewal of the Haib Copper EPL 3140 licence within 30 days of the issuing of the order. The Ministry has not filed any documents supporting the process followed by the Minister, the Mining Commissioner and the Ministry's relevant officials assessing and deliberating on the Haib renewal application for the Haib Copper EPL 3140 licence. This lack of internal process documentation regarding the Minister's decision to refuse the renewal of the licence was made evident in the court proceedings, thereby providing no written evidence of a meaningful evaluation of the merits of Haib's licence renewal application. It is to be assumed that the Minister did not receive any documentation or evaluation by the Mining Commissioner or any of his staff relating to the exploration activities carried out on the Haib Copper licence. Therefore, the decision seemed to have been taken without any paper trail showing a reasonable and fair administrative process thus violating Haib's rights in terms of Article 18 of the Namibian constitution. The Company will provide regular updates in this regard and any other matter concerning this situation. Corporate update While recovering Haib Copper mineral rights remains a top priority for the Company, Management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place. The Company will provide an update on the matter in due course.
Resolution Q1 2022.....Court decision january 2022 DEEP-SOUTH REQUESTS THE JUDGE TO RENDER A DECISION IN THE REVIEW CASE WITH THE HIGH COURT OF NAMIBIA CONCERNING HAIB COPPER LICENCE REFUSAL The Namibian legal counsel of Deep-South Resources Inc. and its subsidiary, Haib Minerals Pty. Ltd., have amended and supplemented the original application on behalf of Haib with the High Court of Namibia for an order that the Minister of Mines and Energy should grant the renewal of the Haib copper EPL 3140 licence within 30 days of the issuing of the order
Demand for electric vehicles will keep copper afloat in 2022 Rajan Dhall Monday January 03, 2022 09:11 (Kitco News) - It is safe to say that 2021 was a very strong year for base metals. As inflation kicked in the price of raw materials rose. One major factor was the lack of workers in the mines due to the COVID-19 pandemic. Many developing nations had to close mines and refineries with big infection rates and dampened production levels. Companies like Southern Copper, BHP, and Glencore all reported a reduction in production levels due to the pandemic. Since then things have got better but it is important to watch their production numbers closely for any changes. In addition to the lack of supply, the electric vehicle boom added to demand. A recent Europen statistic showed that the percentage of new vehicles being purchased fell but the growth in sales of electric vehicles is still managing to grow month on month. In the U.K. alone sales of plug-in hybrid electric vehicles also rose 40% year on year. Back to the price action, the weekly chart below shows a 20.25% increase in the price of copper over 2021. This is not as big as the 80% rise from the low of 2020 to the end of the year but copper producers will still be happy with the trend. Speaking of the trend, the price has now found itself in a strong consolidation zone between $4.02/lb and $4.88/oz. On the chart, one of the main features is a wedge type formation and any break of this could up us a big clue to the future trajectory of the price. The shorter-term daily chart shows the extent of the consolidation zone the price is currently in. The price is currently testing the point in which most contacts have been made this year. This area at $4.40/lb has been like a magnet for the price this year with around 16 touches of the area being observed. The good news for copper bulls is that there has been a mini-rally of late and the price has moved around 7% higher since the recent low of $4.11/lb was printed. Having said that $4.50/lb was used as a resistance zone again but this could be a new higher low higher high pattern. The demand for electric vehicles will keep copper afloat over the next year the one issue that copper bulls may face is the growing production numbers as nations deal with the pandemic with more efficiency. If the consolidation low or chart pattern holds there is every chance the price could move higher as demand increases. By Rajan Dhall For Kitco News [email protected] www.kitco.com
http://www.deepsouthresources.com Bid size......Bid...........Ask.......Ask Size 260,000.....0.055·......0.06........39,000
DSM is a clean shell with $$ left in working cap While DSM is working to recover HAIB, the BoD is very very very active acquiring another copper property in a safer jurisdiction. When DSM issue a PR about the acquisition a new bull trend will begin. Key players like TECK and RED CLOUDS will be more vocal. Right now accumulation @0.055 / 0.06¢ is excellent I hope you noticed that sellers are no longer agreesive which is a good sign that we are at the bottom, ready for an up move
Corporate update While recovering Haib Copper mineral rights remains a top priority for the Company, Management continues to seek another copper project. Some projects have been identified and discussions with their owners are taking place.
