Continuing copper shortages have pushed the price of copper back to where it was last August.
Political issues, wage disputes and environmental issues have combined to cause persistent supply issues so I expect the price of copper to carry on increasing until supply catches up.
Tranect have recently achieved UVDB qualification and passed the B1 audit with a score of over 80% in each category.
This will enable us to expand the range of products that we already supply to National Grid and develop othe opportunities within the UK Utility sector.
For now the market seems to be in balance, supply matches demand. The mining companies will be happy with this price and talking up the impact of electric cars on future copper demand. However, that demand is still some way off and in the mean time there seems to be enough copper reaching the market to meet existing requirements.
Copper price and stock levels back to where they were in July, although some of that is exchange rate movements.
My outlook for copper is steadily falling price to £ 4 / kg.
Copper price surges to 32-month high as hedge funds place $20 billion bet. Supply side issues are forcing copper prices to levels not seen since 2013 as hedge funds bet long (future prices higher).
This has to be a short term feature as mining companies scramble to increase output, but will cause headaches for copper buyers around the world.
Our web shop now includes a feature to order customised earth bonds to your specification made at our Liverpool factory and shipped to you with 2 to 3 days of your order.
Custom Earth bonds
Copper has slowly climbed back to April 2017 prices while stocks have stayed around 300 kT since August 2016 with a 50kT cycle.
In the absence of any major national infrastructure initiatives I do not see any significant increase in demand but there appears to be ongoing supply issues as governments in ore mining countries renegotiate export licenses, which may push prices higher in the short term. long term I still think that the LME price will fall off to nearer £ 4 / kg
100 mm2 Oxygen Free Copper Braid Connector for Ecole Polytechnique – Switzerland.
Comprising 2 layers of 50 mm2 OFC braid to provide flexibility with 180 degree rotation.
Tranect Ltd will be exhibiting at the CABLEx 2017 show being held at Chester Racecourse, Chester, CH1 2LY from 9 am to 5 pm.
“All things Power Cables”: Connect with the Industry – Safely
This UK Power Cables and Jointing technologies exhibition and safety expo is a FREE “must-attend” for all pro-active Power Cables Policy, Standards and Project Engineers, Jointers and Civil Workers, Health and Safety, Procurement and Cables Transport Specialists. Plus, those who strive to make Health and Safety and in particular, Cable Jointing and associated Civil works their number one priority. Professionals from all electricity utilities, Independent Connections Providers, Rail and Wind-power industries and their contractors are also encouraged to attend.
For more information see https://www.eatechnology.com/news/upcoming-events/cablex-2017/
The price of LME copper seems to have stabalised at around £ 4.50 / kg after May’s dip tp £ 4.20 / kg.
Interesting to see that LME copper stocks have recovered to over 300 kT after dropping to 240 kT during June. To me this indicates that supply is able to keep pace with demand and that we could be in a period of relative price stability with production compensating for changes in demand.