Copper Supply Constraints & How to Write a News Release

Recording date: 11th December 2023The Battery Show (Copper Bottomed, Episode 8)Travel has delayed this weeks’ Copper Bottomed a few days… but hang in there, it’s a corker. The Market section discusses some of the aspects of the Panamanian decision to close Cobre Panama, and the wrong-think and politics behind the decision. Thousands have lost their jobs, the mine produced 5% of GDP and 75% of exports, and the government will almost certainly lose in international arbitrage. A terrible outcome for everyone, and it will take years to unpick. In other news, Goehring and Rozencwajg published excellent research, but Merlin uses an ICSG from 2019 report to challenge their assumptions on the success (or lack thereof) of hydrometallugical processes on copper concentrates. Meanwhile, the drill bits have been active and results have been published by Filo Corp, C3 Metals, Ivanhoe Mines, Copper Road Resources, Northisle Copper & Gold, Avrupa Minerals. The art of writing cogent and succinct news releases seems to be dying. The use of copper equivalents continues, doing no favors to any company, least of all Filo Corp as all it highlights is metallurgical uncertainty.—Learn more: https://www.cruxinvestor.com/categories/commodities/copperSign up for Crux Investor: https://cruxinvestor.com