BHP call a bull run in Copper This will benefit DSM as well Mining giant BHP's Udd speaks about the bull run in copper Rajan DhallWednesday April 14, 2021 08:39 (Kitco News) - BHP president of minerals for the Americas, Ragnar Udd has laid out why he is so bullish on the copper industry at the moment. He said "A great example is electric vehicles. Policy signposts for rapid electric vehicle (EV) adoption were distinctly favourable over the last (12) months and we have revised our internal EV penetration forecasts upwards,". He added, "These vehicles use four times as much copper as petrol-based cars, and they will also need more infrastructure to connect charging stations to the grid.". Udd stated that BHP expected the world's Paris-aligned emissions reduction targets to more than double the demand for copper and quadruple for nickel over the next 30 years. "The commodities we produce are the building blocks of the modern world. And they always have been," Udd said. In regards to demand "Everything from railroads to bridges, aeroplanes to batteries, and mobile phones to medical instruments require the resources that we produce. The simple truth is that we cannot build a better world without a reliable supply of these natural resources.". BHP had invested about $US11 billion ($14.39 billion) in Chile alone, the world largest copper-producing nation. The Escondida mine is 57.5% BHP-owned and produced 1.19 million tonnes of copper in 2020. TSX.VSM OTCQB: DSMTF 100% COPPER FULLY FUNDED CURRENTLY DRILLING ITS FLAGSHIP HAIB
Mining giant BHP's Udd speaks about the bull run in copper Very positve for DSM 100% Cu with NPV after tax of 1.6 Billion $
DEEP SOUTH RESOURCES TSX.V : DSM OTCQB: DSMTF Deep-South Resources Inc. holds 100% of the Haib Copper deposit in mining friendly Namibia. Haib is arguably the oldest porphyry deposit in the world and one of the largest in Africa. It’s also one of the larger undeveloped copper deposits with a total NI 43-101 Compliant Mineral Resource Estimate of 799.1 Mt at a grade of 0.30% copper (Cu). The Company has recently completed an updated Preliminary Economic Assessment (PEA), which returned an outstanding post-tax NPV of US$1.3bn and a post-tax IRR of 42.1%, with a payback period of 3.4 years using a copper price of US$3.5/lbs. (Current Cu price 4.30$ a pound) Deep-South Resources is now in the process of advancing the Haib Copper Project towards a feasibility study with plans to complete a 12,000m infill drill program to expand the already impressive resources even further. Despite making significant progress at Haib, Deep-South Resources is significantly undervalued compared to other copper project development companies. Consequently, we initiate coverage of Deep-South Resources with a buy recommendation and a price target of $0.67, which is 252% above today’s stock price. EXPERTS ARE SAYING: China to load up on base metals Goldman is calling a bull market for commodities in 2021 on dollar moves and inflation risk Commodities are in a supercycle Now..Jon Deane Redcloudsfs initiating coverage on Deep-South Resources Inc. with a BUY rating Mining giant BHP's Udd speaks about the bull run in copper
DSM owns 1 major asset a copper mine If you look at the trading pattern there is a positive correlation between the copper price and DSM stock price kitcometals.com shows the copper spot price Spot price up + DSM share price up Longer term several analysts talk about the Copper Bull Run DSM will definitely be a money maker for stock holders
Copper Daily Charts..............so far so good...............TGIF ..........have a good week-end Cu Ni Al Zn Pb
Red Cloud Securities Inc initiated coverage on Deep-South Resources Inc. with a BUY rating and C$2.00 target price. Deep-South Resources Inc. trades on The TSX.V SM & OTCQBSMTF Deep-South Resources is a mineral exploration and development company. Deep-South holds 100% of the Haib Copper deposit in the south of Namibia. Haib is one of the largest undeveloped copper deposits in Africa. The recent preliminary economic assessment demonstrated that at a price of copper of $4.00 / lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. The copper price as of April 23, 2021 was $4.3355 USD/pound Red Cloud Securities Inc is a registered Investment Dealer in all Canadian Provinces and part of Red Cloud Securities Inc’s business is to connect mining companies with suitable investors. Pierre Leveille, President, CEO & Director of Deep-South Resources, interviewed on Market One Minute by Hannah Bernard from BNN Bloomberg. Use the link below to access the video interview https://www.bnnbloomberg.ca/video/d...holder-structure-provides-a-rare-edge~1388158
PR Summary: Vancouver, B.C., Canada – TheNewswire - April 26, 2021 – Deep-South Resources Inc. ("Deep-South" or “the Company") (TSXVSM) (OTCSMTF) announces that it has appointed METS Engineering Group (“METS”) of Australia to conduct and manage metallurgical and process technology test works on stockpile material from the Haib Copper Project in Namibia. This test work and optimizing concept study aim to improve copper recoveries and thus potentially boost project economics substantially. At $4.00 Cu/ lb, it generates an after-tax NPV of $1,650 million and an after-tax IRR of 42%. Current Cu price $4.43 a pound Complete PR https://www.stockwatch.com/News/Item/Z-C!DSM-3068415/C/DSM
Copper prices at decade highs headed for all-time highs – analysts A perfect storm is driving copper prices to their highest level in a decade, and analysts said it's only a matter of time before the industrial metal surpasses its all-time highs from February 2011. According to analysts, copper is benefiting from renewed demand as the U.S. economic recovery picks up steam at a time when the metal is expected to experience a significant supply crunch as mine production is not likely to keep with the growing global appetite. The latest supply disruption threat in the copper market came Monday after Chilean port workers called for a strike action in response to President Sebastian Piner's move to block a bill that would have allowed workers to make a third round of early withdrawals from their pension funds. Chile is responsible for a quarter of the world's copper mine production. "Metals supply risk is receiving a jolt as Chilean port workers threatening to disrupt copper shipments for the world's largest producer nation. At the same time, reflation signals continue to fire on all cylinders, providing a powerful combination for sharply higher prices," said analysts at TD Securities in a report Monday. In a separate report Monday, the Canadian bank also said that they were stopped out of their short copper trade. The bank noted that potential disruptions will continue to support higher prices. "While tracking global freight rates and loading times suggests bottlenecks could already be easing, with these gauges well below February highs, a potential Chilean port strike is a substantial risk given already-tight concentrate markets. In this context, even a modest disruption could have an outsized impact on prices," said Bart Melek, head of commodity strategy at TDS. The significant supply/demand imbalance has pushed prices to their highest level since July 2011. June high-grade copper futures last traded at $4.44 per pound, up 2.4% on the day. Copper's all-time high comes in at $4.6255 a pound. For the year, copper futures are up nearly 26%. Natalie Scott-Gray, senior metals analyst at StoneX, said, in a note to clients Monday, that copper prices have room to move higher. "Copper long-term bull run remains intact, with near-term upwards momentum continuing to gain strength, despite prices moving into overbought territory," she said. Daniel Briesemann, commodity analyst at Commerzbank, said that not only is strong economic growth helping to drive copper demand, but the U.S.'s new commitment to decarbonize its economy will be a significant supporting factor. "In our opinion, the copper market is likely to remain undersupplied this year," said Brieseman. Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said in a report Monday that the future looks bright for the copper market as the world moves to reduce its carbon footprint. "Existing trends in decarbonization and electrification are gaining traction from the new U.S. presidential administration, with negative implications for fossil-fuel prices and positives for metals. We see no going back this time as innovation accelerates and envision a future of the world following the U.S. toward net-energy surplus," he said. According to a survey from Bloomberg published last week, investors expect that copper will be the best performing metal in 2021. According to the report, 40% of investors surveyed were bullish on copper, followed by silver. "Copper-market sentiment and prices may benefit from global economic stimulus following the Covid-19 pandemic in 2020, especially with the positive news on vaccine development," the report said. Source Kitco.com
Live Spot Prices SPOT PRICE IS OPEN Price: US$/lb Copper April 29,07:19 Bid/Ask 4.4990 - 4.5004 Change +0.0283 +0.63% Low/High 4.4576 - 4.5282 Source: kitcometals.com April 13, 2021 Cu price was 3.9694$ a pound Do you want to participate in a Bull Run ?????
WHAT EXPERTS ARE SAYING ABOUT COPPER Uncertainty is causing China to load up on base metals, not gold Samson Li Senior Precious Metals Analyst, Thomson Reuters GFMS Goldman is calling a bull market for commodities in 2021 on dollar moves and inflation risk Copper price to rise in 2021: analysts This provides a lot of confidence,” said ABN AMRO Group senior economist Industrial Metals Markets Casper Burgering. Canaccord Genuity mining analysts expect Chinese stimulus to support copper demand. According to Bloomberg Intelligence analysts Grant Sporre and Andrew Cosgrove, assuming their scenario of 5% demand growth is in the ballpark, production guidance from the top 25 copper producers indicates the market may be in a sizable deficit this year. Copper supply expected to move into deficit in 2021, says StoneX Copper price soars to highest since 2014 on vaccine hopes Mining giant BHP's Udd speaks about the bull run in copper Copper breaks resistance to trade at levels not seen since 2011 Goldman Sachs's team of commodities analysts, led by veteran Jeff Currie, said "Copper is the new oil" in one of their latest reports. Goldman Sachsrecently upgraded its 2025 price target to $15,000 per metric ton ($6.80/lb). Gianni Kovacevic: Is copper headed for its Biggest Bull Market Ever?
https://www.kitco.com/news/2021-05-...es-to-13-000-or-even-20K-Bank-of-America.html Copper's supply crunch will drive prices to $13,000 or even $20K - Bank of America Copper's unprecedented run to a 10-year high of $10,000 per tonne on the London Metals Exchange (LME) could just be the start of a much larger uptrend, according analysts at Bank of America. In a report Monday, the bank's analysts said that they could see copper prices rallying to $13,000 a tonne as the market continues to see a significant supply crunch and growing demand. Copper prices on the LME are currently trading at $9,932.50 a tonne , down 0.32% on the day. The analysts noted that the copper supply, as measured by inventories in LME warehouses, is at its lowest level in 15 years. They added that stocks could currently cover 3.3 weeks of demand. "The fundamental backdrop is so concerning because the global economy is just now starting to open up and reflate," the analysts said. "With LME inventories close to the pinch-point at which time spreads can move violently, there is a risk backwardation, driven by a rally in nearby prices, may increase." Bank of America said that the copper market is in a similar situation as nickel prices in 2006 and 2007. "A lack of nickel in LME warehouses pushed nickel prices up by +300%," the analysts said. But the growing supply imbalance in the marketplace isn't just a short-term problem. Bank of America said that it expects the supply crunch to get even worse in 2022. Analysts see the copper deficit growing to 185 tonnes this year and doubling to 369 tonnes by next year. Bank of America sees the market being balanced in 2023 with a surplus of 252 tonnes. While mine supply of copper is expected to remain constrained in the next few years, BofA said that they expect to see a significant increase in recycled supply. They noted that secondary copper markets are smaller and more volatile, but they account for 25% of the market. The analysts added that the scrap copper supply could increase to 6,700 tonnes by 2025. However, they added if this doesn't materialize, then prices could be on their way to $20,000 per tonne. "If our expectation of increased supply in secondary material, traditionally a non-transparent market, was wrong, inventories could deplete within the next three years, giving rise to even more violent price swings that could take the red metal above $20,000/t ($9.07/lb)." Although copper prices are expected to continue their upward trajectory, Bank of America does not expect that higher prices will impact global economic growth. "Copper constitutes a relatively small share in the global economy," the analysts said. "Indeed, even if copper traded at $12,000/t ($5.44/lb) this year, its usage measured as a percentage of the global nominal economy would not exceed previous peak levels seen in 1970."
What Bloomberg says: Apr.29 -- "Bloomberg Commodities Edge" talks to the smartest voices in the commodity world about the companies, the physical assets and the trading behind the hottest commodities. This week Bloomberg's Alix Steel discusses copper's rally to $10,000, the gain in agricultural prices and Glencore's sustainability strategy.
What Freeport-McMoRan says: https://www.cnbc.com/video/2021/05/...n-outlook-for-copper-amid-its-record-run.html
1st 5,000m of drilling was to drill high grade targets I'm watching very closely for a PR to release results for the first few holes
Copper Prices 2021 Outlook I Why Are Copper Prices Rising? Could copper become one of the best trades of 2021? In this video we’ll look at why copper prices are rising and go over the latest copper news influencing copper prices with where we are at the end of April 2021. Up massively year to date, the copper prices chart has shown a steady increase and the copper market is on the verge of hitting price levels not seen in nearly 10 years. Is it only up from here, or will this bull market experience the wrath of the bears in the near future? Stay until the end of this copper price outlook 2021, as we’ll be going over the latest copper price predictions with a look into the copper prices 2021 chart to give you everything you need to know about trading copper in 2021.
