Jubilee Metals Share Discussion Threads

[freedom97] 02/6/2022 00:55

Copper prices tipped to go ‘ballistic’ as EV revolution causes supplies to run out
Frank Chung - June 1, 2022

Experts are sounding the alarm about an “extreme” shortage on the horizon that could send prices skyrocketing for scores of essential products.

As demand for electric vehicles grows, mining for minerals needed to make them may produce additional ESG challenges.

An “extreme” shortage of copper over the coming decade could drive the price of the crucial commodity up as high as $US100,000 ($140,000) per tonne as supplies effectively “run out”, one expert has warned.

The looming supply shock is being driven by surging demand for electric vehicles (EVs) and other “green” technologies, coupled with chronic underinvestment and lack of expertise required to build new copper mines, according to Goldman Sachs metals strategist Nicholas Snowdon.

Speaking with Bloomberg’s Odd Lots podcast on Wednesday, Mr Snowdon predicted copper could rise from its current price of around $US9300 ($13,000) a tonne to $US15,000 ($20,000), and “we don’t rule out [that] copper could be a $US50,000 ($70,000), could be a $US100,000 ($140,000) commodity”.

Mr Snowdon explained that such a previously unheard of level was because, unlike energy and agricultural commodities such as oil or wheat, the price of copper only made up a very small part of the cost of the end product.

“So for the copper price to drive demand destruction in cars, in electronics, you’re going to have to see a massive outsized move in the copper price to achieve the necessary increase in the cost of the total good to drive that demand destruction,” he said.

“The thing about the copper market is that we’ve never been in such an extreme set of fundamental circumstances. We’ve never had to go to end demand destruction pricing to achieve a rebalancing.”

Copper is the third most widely used metal in the world, with global demand of about 25 million tonnes per year....

[frogkid] 01/6/2022 16:23

Don't you start deme, I'm depressed enough reading the other channel today

[deme1] 01/6/2022 16:09

Because the share price is glued to it

[deme1] 01/6/2022 15:47

Gotta be a placing at 15p on the horizon.

[aaspell] 01/6/2022 13:52

wyk - isn't design capacity greater than full production?

I.e. if full production relates to X of Oz per annum then design capacity would be in excess of this Y to accommodate future increases in tailings supplies etc without having to stop and re-engineer the facility.

[qsmeily456] 01/6/2022 13:10

Told those idiots at 17p 🩳🩳🩳🎄7795;🌲ԇ45;💥🤣;🍾🥂💁‍ϓ2;️💁‍♀️;

QsmeIly456

18 Mar '22 - 14:04 - 3658 of 3663  Edit

0  0 0

🩳🩳 the spikes here, large seller, 💩 PR and comms.....14p test 🤣

[9tintin] 01/6/2022 08:11

wyk

At least you have grasped the basics and your reply acknowledges the time-line of Roan's delays - I'm sure you are correct in your reasoning as to why.

Shame Jubilee can't be up front and explain the reasons, instead of moving the goal posts and fudging the narrative.

But hey ho - "One day Rodney",,,,,,,,,,,,,,,

tintin

[frogkid] 01/6/2022 07:54

They will just get hoovered up by the new institutional investors Ollie will be bringing on board.

[wet your knot] 31/5/2022 19:59

tintin, there has been a delay since the start of the year: 8th Feb the statement was "reaching full production" during the "current period". I would take the "current period" (on the 8th Feb 2022) as being up to 30th June 2022. The statement on 16th May had changed to reaching "design capacity" during "July 2022". So it could be a delay of up to a month. With the impacts supply chains have been under over the last 18+ months I wouldn't view that as a huge failure.....in fact I'd be tempted to say its a success!

[katundu] 31/5/2022 17:33

I expect 13,500,000 employee options to hit the market early next week and also mindful that the departing chairman has a heap of options and some shares that may also hit the market once he has left. Hope he retains his confidence and hangs onto them!

[robers98] 31/5/2022 15:06

Delayed or not copper production is about to start with the added benefit of cobalt since the test plant has clearly worked.
2nd half of 2022, numbers should look very impressive.
Up to people to make up their mind on entry price.

[bonnoel] 31/5/2022 14:36

KennyP, can you not read....Its been DELAYED. Buy some glasses Kenny. Price sensitive info wasn't mentioned....tool.

[kennyp52] 31/5/2022 13:45

FACT 9tintin ? So are you saying you have market sensitive insider information ?

[9tintin] 31/5/2022 13:32

Regardless of the reasons and the radio silence from the company the facts are there - (even if some chose to ignore them,) Roan's ramp up of production and supply to Sable has been delayed.

FACT.

tintin

[royaloak] 31/5/2022 12:35

Actual price 5 minutes ago:

14.995 / 14.95 Bought a few.

[mikebolle1] 31/5/2022 12:21

It is not necessary to communicate a "time critical" delay. Jubs is operating in Africa... we have our own time scale (lol)

[ginko3] 31/5/2022 11:41

not going to happen Kat; you clearly have no understanding of how Jubes management team works lol

[katundu] 31/5/2022 11:34

No, only if it is time critical and is likely to impact a previously advised date.

[sb] 31/5/2022 11:28

Katundu....do you expect them to issue a RNS every time an order is delayed...?

[katundu] 31/5/2022 11:16

Time critical delay in delivery of parts would have been advised to the market as soon as it was known, not given as an excuse after the event.

[robers98] 31/5/2022 10:46

I believe at the egm the reason for the slight delay with Roan was given. In light of delivery of parts around the world it was totally out of the control of jlp.

[frogkid] 31/5/2022 09:42

I imagine Ollie is going to want to make a splash so expect some significant news soon. He would have turned over every stone before getting involved and won't want to sneak in under the radar. All IMHO of course.