I'm Bullish on Copper
Posted: Tue Aug 03, 2021 1:22 pm
US Copper Demand on the Rise.
Amidst a solid rebound in demand, the US copper market shows all signs of a supply shortage as backwardation on the forward curve continues to steepen, just as the London LME copper market is firmly in contango. Citibank estimates that Jan-May copper consumption in the US increased by 22% year-on-year.
Ero Copper Corp. (ERO) will announce Q2 results on August 4.
Amidst a solid rebound in demand, the US copper market shows all signs of a supply shortage as backwardation on the forward curve continues to steepen, just as the London LME copper market is firmly in contango. Citibank estimates that Jan-May copper consumption in the US increased by 22% year-on-year.
Ero Copper Corp. (ERO) will announce Q2 results on August 4.