Copper - General discussion

[GumbyLearner]

One Company Holds at Least 90% of LME Copper Stocks

http://www.bloomberg.com/news/2010-...-london-metal-exchange-copper-stockpiles.html

One unidentified company holds 90 percent or more of copper stockpiles in warehouses monitored by the London Metal Exchange, the latest bourse data shows.

The so-called dominant position indicated in the Warrant Cash Banding Report was previously 50 percent to 79 percent and moved to the higher band on Dec. 10, according to data from the bourse. The figure includes stockpile holdings and open positions for the next three trading days. Each warrant represents one lot of metal, equal to 25 metric tons.

The fee to borrow copper for next-day delivery, also known as the tom-next spread, jumped to a premium of as much as $13 today, the most since July 2009. It was last at a discount of 50 cents. LME rules oblige holders of dominant positions to lend metal at fixed rates.

“The dominant long is even longer than they were previously, and it’s having an impact,” Robin Bhar, an analyst at Credit Agricole SA’s investment-banking unit in London, said by phone today. “It’s forcing short-term rates to borrow metal to go higher.”

 

[iced earth]

Copper - 08.03.11

copper has fallen these two recent trading days. now copper has two resistance line in front of it.



if those mentioned resistance lines cant hold copper and the neck line of this possible head and shoulder pass down we might see copper fall around 3.8 USd/lb.



in longer point of view we have a bullish head and shoulder with the incredible target around 6.1 USd/lb.

 

[iced earth]

Copper - 11.03.11

copper has broken the neck line of the bearish Head and Shoulders. target is around 3.8 us$/lb



in this picture we see two resistance lines couldn't hold copper cant hold copper




in longer point of view we have a bullish head and shoulder with the incredible target around 6.1 USd/lb. ( around 3.8 it might touch the resistance line and start a new bullish wave .

 

[iced earth]

Copper - 30.03.11

copper has formed left and right shoulders , if the neck line passed down , the target is around 4.130 us$/lb

 

[iced earth]

copper is forming pullback to the neck line , the target might be around 4.130

 

[tinhat]

With the Bernanke and the QE III, is copper about to break out of a pennant formation?

 

[tinhat]

Copper has broken out of a wedge to the downside on the monthly chart.

 

[tinhat]

Tentative signs that copper may have bottomed for the time being.

http://www.kitcometals.com/charts/copper_historical_large.html

Note LME stocks have come back from their peak just recently.

 

[Ann]

Just took a look at the copper chart and saw a potential outcome for copper of 5370. However the price on my chart bears no resemblance to other prices I see on other copper charts and I know nothing about copper, so please forgive.

May get there may not...just a bit of fun with charts.

 

[MARKETWINNER]

Supply in the global copper market is widely expected to exceed demand in 2013.
However these projections can change at any time due to new development.
Sooner than later we should see end of downtrend pressure for copper.
Copper prices would likely rebound in the next three to six months.

http://www.reuters.com/article/2013/05/31/markets-metals-idUSL3N0EC0GD20130531
METALS-Copper heads for gains in May after 3-month drop

My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. Please note that I do not endorse or take responsibility for material in the above hyper-linked site.

 

[Mutasim]

Just wondering what happened here. I don't usually follow the copper prices so excuse me if I'm looking at this wrong.

 

[Trembling Hand]

Just wondering what happened here. I don't usually follow the copper prices so excuse me if I'm looking at this wrong.


View attachment 54259

Just a data error from Kitco I would say.

http://www.kitcometals.com/charts/copper_historical.html

 

[tinhat]

Is it time to think about copper miners?

I've got positions in TGS and CDU (yet to produce) and both have been challenging stocks to own for their own reasons. I also have a positions in RIO and CZI which are both partially copper plays.

What are people's preferred copper stocks? I'm looking to put together a watchlist of companies with decent medium term prospects and outlooks assuming the price of copper is at the bottom of the cycle.

 

[burglar]

... I'm looking to put together a watch list ...

Tiger Resources (ASX: TGS)
Azure Minerals (ASX: AZS)
Oz Minerals (ASX: OZL)
Sandfire Resources (ASX: SFR)
CuDECO (ASX: CDU)
Adelaide Resources (ASX: ADN)
Rex Minerals (ASX: RXM)
And Lincoln Minerals (ASX: LML) from here:
lincolnminerals Quarterly_Activities_Report_March_2014

 

[Paavfc]

SMD, ENR

Both have up and coming drill results due...

 

[burglar]

PeppinNini (ASX: PNN)

 

[tinhat]

Thank you for the replies. I will look into them over the coming weeks. I am impressed with what TGS have been able to achieve. They are very low cost too. Of course operating in the Democratic Republic of the Congo comes with some risk but the copper mining industry seems to be well established in that country. They have accelerated their capital expansion which has seen them skating on thin ice with regard to projected cash flow that required them to undertake a capital raising that knocked back the share price after having had a nice run up. Also, a share issue as payment in kind for their trucking contractor raised eyebrows at the time, but might have also come about because the cash flow was getting tight during the construction and commissioning of the plant. They are low cost and looking to replicate their cathode production plant only just commissioned to double copper cathode production over the next eighteen months with a promise that shareholders should start to see dividends in 2016.

 

[burglar]

Hannans Reward (ASX: HNR)

HNR Copper/ Gold Deposit Re-release of Maiden JORC Resource at Pahtohavare 03/02/2014

 

[tinhat]

Giddy-up! It will be a long recovery, but this may be confirmation that the bottom has passed? It will be interesting to see where the next bottom comes in (>$2.10 per lb?)

 

[notting]

Giddy-up! It will be a long recovery, but this may be confirmation that the bottom has passed? It will be interesting to see where the next bottom comes in (>$2.10 per lb?)View attachment 68752

And here I was thinking it was China stimulus coming online, however it seems maybe a bet on a Trillion dollar Trump US infrastructure spend!

A little terrifyingly however lets start with Trump Prisons -