Herbert Saurugg’s Post

⚠ The world’s copper supply is suddenly looking scarce https://lnkd.in/dmKRMSuf A forecast surplus of copper going into 2024 has suddenly all but disappeared. The next couple of years were supposed to be a time of plenty for copper, thanks to a series of big new projects starting up around the world. The expectation across most of the industry was for a comfortable surplus before the market tightens again later this decade, when surging demand for electric vehicles and renewable energy infrastructure is expected to collide with a lack of new mines. 𝗜𝗻𝘀𝘁𝗲𝗮𝗱 𝘁𝗵𝗲 𝗺𝗶𝗻𝗶𝗻𝗴 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗵𝗮𝘀 𝗵𝗶𝗴𝗵𝗹𝗶𝗴𝗵𝘁𝗲𝗱 𝗵𝗼𝘄 𝘃𝘂𝗹𝗻𝗲𝗿𝗮𝗯𝗹𝗲 𝘀𝘂𝗽𝗽𝗹𝘆 𝗰𝗮𝗻 𝗯𝗲 — 𝘄𝗵𝗲𝘁𝗵𝗲𝗿 𝗱𝘂𝗲 𝘁𝗼 𝗽𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗮𝗻𝗱 𝘀𝗼𝗰𝗶𝗮𝗹 𝗼𝗽𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻, 𝘁𝗵𝗲 𝗱𝗶𝗳𝗳𝗶𝗰𝘂𝗹𝘁𝘆 𝗼𝗳 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗶𝗻𝗴 𝗻𝗲𝘄 𝗼𝗽𝗲𝗿𝗮𝘁𝗶𝗼𝗻𝘀, 𝗼𝗿 𝘀𝗶𝗺𝗽𝗹𝘆 𝘁𝗵𝗲 𝗱𝗮𝘆-𝘁𝗼-𝗱𝗮𝘆 𝗰𝗵𝗮𝗹𝗹𝗲𝗻𝗴𝗲 𝗼𝗳 𝗽𝘂𝗹𝗹𝗶𝗻𝗴 𝗿𝗼𝗰𝗸𝘀 𝘂𝗽 𝗳𝗿𝗼𝗺 𝗱𝗲𝗲𝗽 𝗯𝗲𝗻𝗲𝗮𝘁𝗵 𝘁𝗵𝗲 𝗲𝗮𝗿𝘁𝗵. 👉 In the past two weeks, one of the world’s biggest copper mines was ordered to close in the face of fierce public protests, while a slew of operational setbacks has forced one of the leading miners to slash its production forecasts. The sudden removal of around 600,000 tons of expected supply would move the market from a large expected surplus into balance, or even a deficit, analysts say. #Vorsorge #krisenfit.jetzt #supplychains Marco Felsberger