JJC News and Press, iPathA Series B Bloomberg Copper Subindex Total Return ETN From 03/01/23

Freeport McMoRan ( NYSE: FCX ) is one of Wednesday's largest gainers on the S&P 500, +5.6% , after saying it restored operations at its huge Grasberg mine in Indonesia that had been damaged and shut down by heavy rain and flooding. Freeport ( FCX ) said two weeks ago t...

Summary Tightening monetary policy, Europe’s energy crisis, and China’s COVID-19 lockdowns have contributed to risk aversion in the economy and markets. China’s early reopening from its COVID-19 lockdowns is already putting pressure on tight inventories. Destock...

Summary Given the forecastable nature of the business cycle, understanding what markets are pricing in from a business cycle perspective is an integral tool to one’s asset allocation decisions. As it stands, stocks as a whole have done a solid job pricing in the growth slowdown. ...

Summary Remember, just last year, the world was going to have a shortage of lithium carbonate, one of the key raw materials for EV batteries. The price of Chicago lumber futures went through epic gyrations during the pandemic, spiking by 350%, then plunging, then spiking all over again,...

Summary We believe the global resource transition is at an inflection point, creating long-term investment opportunities for several raw materials. It is essential to recognize the increased risk to the global supply of "green metals."*. The risk of a weaker supply has the potential...

Summary Hopes of a recovery in copper prices seem to have flat-lined since the start of February. The primary reason for this is lukewarm demand from China, one of the world’s biggest copper consumers. This effectively ends the price surge markets saw over the past few months...

Summary Over the past four weeks, copper prices have risen and fallen backward, much like COMEX gold and silver. As 2023 progresses, we are likely to see fundamental factors such as physical supply and demand have a greater impact on price. If you think there's a chance that the cop...

Summary USGS report shows that global silver reserves and silver production increased. Largest silver reserve increase has been reported from China. Mexico is still the leader in silver production. Each year, the U.S. Geological Survey publishes a report on world...

Summary Copper rallies in early 2023: The “new oil” is back in bullish mode as stockpiles decline and Chinese demand could make a significant comeback. The dollar and interest rates have supported the nonferrous metal in early 2023. Requirements for green energy initia...

Summary Driven by a cobalt price rally and cost reduction, some copper-cobalt miners are actively assessing restart and expansion opportunities. The cobalt price has had strong momentum since the beginning of 2021, with the London Metal Exchange cash price increasing 52% by Aug. 31. ...