VIDEO: Supply disruptions upset Cesco bears

The copper market has weakened considerably since last year's Cesco Week, but there is still uncertainty surrounding key issues such as mine supply and inventory levels.

{BrightcoveVideo} 

The copper market has weakened considerably since last year’s Cesco Week, but there is still uncertainty surrounding key factors such as mine supply and inventory levels.

Despite the rising stock levels seen in recent weeks, recent production stoppages will give the bulls in attendance cause for optimism and cause bears to raise their guards.

Mark Burton
mburton@metalbulletin.com
Twitter: @mburtonmb

What to read next
The Chilean government is pushing ahead with plans for a new copper smelter despite the global smelting crisis, Chile’s minister of mining, Aurora Williams told Fastmarkets, adding that the state will also play a key role in developing the country’s premium lithium assets
Just under two weeks ago, the chair of BHP made a phone call to his counterpart at mining peer Anglo American and set in motion a flurry of activity designed to create the largest copper producer in the world
Brazilian aluminium supply coming from Companhia Brasileira de Alumínio (CBA) is said to have tightened, helping to boost the P1020A ingot premium, market participants told Fastmarkets in the two weeks to Wednesday April 24
In anticipation of a tight market, copper concentrate traders have locked in 2025 volumes at notably low treatment charges, with deals being placed well below the long-term industry benchmarks
This move aligns with global demands for sustainability in the mining sector and sets Nexa on a path toward achieving net zero emissions by 2050
Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.