In an interview with Copper Investing News, when asked if peak copper is a current reality, Yu-Dee Chang, Chief Trader at ACE Investment Strategies, commented “Although the day will ultimately get here, the answer for now is probably- not yet."
Copper prices climbed over $9,500 per tonne for the first time in two-months Monday, as supply concerns ushered investors back into the copper market.
In an interview with Copper Investing News, Yu-Dee Chang, Principal and Chief Trader at ACE Investment Strategies weighed in on the perspective that as an industrial metal, copper is the “most crucial” of the critical metals.
Copper futures rebounded Tuesday, as better-than-expected Chinese industrial production and US retail sales data boosted the red metal’s demand prospects.
Induced polarization (IP) surveys are a valuable tool for base-metals and gold exploration. A junior exploration company can effectively narrow down drill targets on a vast exploration property with a well-planned IP program, and an already operating miner can locate more metal deposits in the area by conducting an IP survey.
The second quarter is China’s peak demand period- it is usually during this time that the world’s top copper consumer stocks up on supplies from the copper market. However, a premium of London vs. Shanghai copper prices has some analysts wondering if China will wait before coming to market.
Arguably, copper skarns are the world’s most abundant skarn type. The largest copper skarns are associated with mineralized porphyry copper plutons. These deposits can exceed 1 billion tonnes of combined porphyry and skarn ore, with more than 5 million tonnes of recoverable copper.
Copper halted a four-session slump Tuesday as economic concerns eased following a drop in the price of crude oil. On Monday, crude closed at a 29-month high on disruptions in Libya.
Copper fell from a one-week high early Tuesday, as surging energy costs and inflation in China threatened to slow demand for the red metal.
Copper plummeted the most in three months, Tuesday, over concern that surging oil costs would stall economic growth and dampen demand for the industrial red metal.
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