Dr. Copper is getting excited with the prospect of the returned growth in China and "The Wall" being built. Can you imagine how much copper do we need for all that security lighting on that Wall? Copper means infrastructure and we need a lot of it now. Everybody is searching for the new drivers for GDP growth as central banksters are getting out of favor and cannot really deliver anything more. 2% of GDP growth with the real Inflation hitting over 5% - it is called Deflation. All commodities have been indicating exactly that during last few years of the meltdown. But not anymore, a new phase will come with the Energy rEVolution manufacturing infrastructure being put in place now. China is leading the world here, but nobody can allow being left behind. It is all about business now after all.
First Rio Tinto went positive on China and copper respectively a few weeks ago and later BHP was talking about the electrification of transportation as the major driving trend for the demand of industrial metals going forward. Now we have the most important part of this development - real capital is flowing into the sector.
TNR Gold is sitting tight with its assets in Los Azules giant copper project in Argentina managed by McEwen Mining. We had a change of the government over there this year with the new pro-business mining friendly policies being implemented. Now we have Dr. Copper supporting our case for the growth. Los Azules copper project is very highly leveraged to the copper price and McEwen Mining, according to the reported news, is conducting its new PEA reflecting the reduced CAPEX and start with a high-grade operation to advance the project faster.
Please carefully read my legal disclaimer and you can find all latest financial information about TNR Gold and International Lithium on SEDAR and SEDI. Please never make any investment decisions without consulting with your preferred qualified financial adviser.
TNR Gold And McEwen Mining Los Azules Copper: Rio Turns China Optimist, Sees Copper’s ‘Twilight Zone’ Exit.
"China is turning the corner advancing its strategic plan for the new economic growth based on the New Energy Plan. Copper and Lithium are part of this plan to secure the supply of the strategic commodities for the years ahead. Now it is time to check out our Los Azules Copper story again. Rio Tinto is talking about China, Growth and Copper in one sentence, confirming my personal observations. Los Azules Copper is now under McEwen Mining operation and Rob McEwen is working on the new PEA reflecting the low CAPEX to start high-grade operations first on the project. Please read my legal disclaimer and below you can find more information about one of the largest copper projects in the world and TNR Gold Royalty. Read more."
TNR Gold And McEwen Mining's Los Azules In Argentina - Copper Miners Pin Hopes On Electric Cars After Tesla's Success.
"Timing is everything. And you will never have the perfect one, once decided - just be there. And if you managed to survive "the wrong timing" and can even add to your position, just do it. This is the only advice I can share.
Argentina is changing very fast now under the new leadership and we can stretch our imagination that one day it will not only export its commodities like Copper and Lithium, but actually will become the power force behind the Energy rEVolution. Elon Musk with 325,000 orders for Tesla Model 3 has confirmed that consumers are ready to buy the best electric cars. Now Financial Times spells you the connection between The Next Industrial Energy rEVolution and Green Energy Metal - Copper. Copper goes everywhere in the 21st century: you will find it in electric motors, in new charging stations and wiring, in Wind and Solar installations with Smart Grids. China has a military plan to acquire and build its own resource base for strategic commodities like Lithium and Copper. Argentina can do much better than just supply the Hungry Red Dragon, it can produce lithium batteries and electric cars at least for South America one day. It is not such a stretch in the end: Chinese BYD backed by Warren Buffett is building its lithium batteries Megafactory in Brazil next door; and electric buses and lithium batteries plants in Argentina. International Lithium and TNR Gold are very well positioned in the creation of the secure supply chain for strategic commodities for Energy rEVolution with Lithium and Copper. Read more."
TNR Gold and McEwen Mining: Los Azules Copper - China Wants To Buy More Copper Mines To Secure Its Supply.
"Collapse in commodity prices has come with China economy downturn and will go with its transition to the internal consumption - security of supply for strategic commodities will always stay. China is moving very fast into the Next Industrial Energy rEVolution. Electric cars and Solar Energy are the new strategic industries and part of the 5-year plan. To secure the raw materials for this leapfrog jump directly into the post-carbon economy there is the military plan in action. China is already the center of Lithium Universe and controls 75% of Lithium Hydroxide which goes into Tesla Batteries. Now it is the follow-up plan to secure the Copper supply when asset prices are depressed. Las Bambas was the first step and now next projects will follow. Los Azules giant copper project in Argentina is very well positioned for TNR Gold and McEwen Mining for these developments. Read more."
Energy Metals Royalty Company: TNR Gold Strengthens Its Board Of Directors.
"We are strengthening our Board at TNR Gold and I welcome our new Directors to the exciting future of building Energy Metals Royalty Company. Our very talented technical Team headed by Gary Schellenberg has advanced International Lithium projects all across the globe with the new strategic partnerships. Now it is time to translate this success into TNR Gold's story. We are talking here about the megatrends in the electrification of $12 Trillion Energy and Transportation industries and whole countries changing dramatically their business landscape like in case with the proud people of Argentina. Read more."
I hope that this excitement will get to our companies as well one day! We are ready, we have not only saved our assets but built a new business in Argentina with Ganfeng Lithium - $4.5 Billon market cap giant from China, which is financing International Lithium Mariana J/V project in Argentina.
TNR Gold holds:
1. Royalty in giant Los Azules copper project with McEwen Mining and 1% on Sale of this project;
3. Stake in International Lithium, which develops J/V Mariana Lithium project in Argentina being financed by a giant from China - Ganfeng Lithium.
Please carefully read my legal disclaimer and you can find all latest financial information about TNR Gold and International Lithium on SEDAR. Please never make any investment decisions without consulting with your preferred qualified financial adviser. Read more.
The Globe And Mail.
Bloomberg News
Copper briefly surpassed $6,000 a ton and headed for the biggest weekly rally ever as the metal became the target of Chinese speculators and bets that Donald Trump will pour money into U.S. infrastructure.
Copper rose as much as 7.6 percent to $6,025.50, the biggest intraday increase since 2009. Prices were at $5,915 as of 12:17 p.m. in London. For the week, the metal is up 19 per cent, the most in records stretching back to 1986.
The rally, which started three weeks ago, has been fueled by speculative trading in China, which will cool later this year, Citigroup Inc. said in a note. As the most-traded base metal and a barometer of economic growth, copper is also a proxy for investors’ views that Trump’s presidency will boost government spending on bridges, roads and airports.
“It’s going crazy,” Robin Bhar, an analyst at Societe Generale SA, said by phone. “This is spillover buying from what’s happening in China.”
The rally has been overdone, but he’s recommending that clients wait before making bets that prices will fall. Copper’s 14-day relative strength index was at 92, the highest recorded. A reading above 70 suggests an asset is overbought.
“It’s too early to get short. Don’t stand in front of a speeding train,” Bhar said. “Prices are going to come down at some stage.”
Goldman Sachs Group Inc. analysts including Max Layton and Jeff Currie said in a research note that copper’s rally could reverse abruptly in the first quarter on a pickup in supply and slowing demand and credit growth in China. The bank favors zinc and nickel in 2017, which are either in deficit or more directly exposed to U.S. stimulus, it said.
On the Comex in New York, about 104,000 contracts changed hands on Friday, about four times the average for the time of day, according to data compiled by Bloomberg.
Other bullish factors include falling stockpiles and optimism following LME Week. Hedge funds and other large speculators boosted their long positions by 20 percent to a record 67,806 U.S. copper futures and options contracts in the week ended Nov. 1, according to Commodity Futures Trading Commission data released Friday.
Stockpiles on the LME have fallen steadily since the end of September, declining 29 per cent to 270,850 tons. Antofagasta Plc’s top executive said he was less pessimistic on copper after meeting customers and traders during LME Week.
China Fever
An increase in trading fees and margins on Chinese commodities exchanges is prompting speculators to trade copper on the LME, Citigroup analysts including David Wilson wrote in an e-mailed note.
The Shanghai Futures Exchange on Thursday raised margin requirements for aluminum and other metals, after trading terms for iron ore, coal and other commodities were tightened by Chinese bourses.
While the surge “appears premature” and prices may fall toward the end of the year, stronger-than-expected Chinese factory data, falling global inventories, and additional spending by China on its power network all point to higher prices in the medium term, according to Citigroup.
“Fundamentals haven’t changed,” Mikinobu Ogata, senior managing executive officer of Sumitomo Metal Mining Co., said in Tokyo on Friday. “I don’t think there’s any change in supply and demand.”
Mining stocks were muted. Chilean copper producer Antofagasta Plc advanced 0.6 per cent after soaring 11 per cent yesterday. Glencore Plc, Anglo American Plc and Rio Tinto Group declined slightly.
Other industrial metals also climbed, with nickel up 2 per cent and zinc 0.9 per cent higher. Nickel gained 13 per cent this week, the most since 2009."
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