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Goldman $GS has more good news for #copper, #zinc price $LBSR $TMBXF

Posted by AGORACOM-JC at 12:07 PM on Thursday, January 4th, 2018
Frik Els | about 16 hours ago

  • While it’s pulled back a bit since New Year, the price of copper ended 2017 near a four-year high of $3.30 a pound ($7,260 per tonne)
  • Extending the bull run in the red metal for a second year
  • Measured from its multi-year lows struck at the beginning of 2016, copper has gained more than 70% in value
Zinc ingots shown (Image: Glencore)

The rally for zinc has been even more spectacular with the metal, mainly used to galvanize steel, ending 2017 at a decade high of $3,330 a tonne. Zinc has more than doubled in value after a slump that ended around the same time copper hit bottom two years ago.

Reuters quotes investment bank Goldman Sachs as saying zinc demand looks rosy for the first half of the year while the New York-based firm prefers copper over aluminum over the longer term:
“Concern about a sharp slowdown in metals demand as the country adopts a new ‘quality over quantity’ growth model may be overblown”

“Concern about a sharp slowdown in metals demand as the country adopts a new ‘quality over quantity’ growth model may be overblown,” it said, adding that metal producers outside China are set to gain.

“Ongoing supply-side reforms and environmental cuts in China translate into higher commodity prices and less Chinese production, both of which benefit ex-China producers.”

Shipments of copper concentrate to China hit a monthly record of 1.78m tonnes in November and the tally for the year should beat last year’s record 17m tonnes.

Refined copper imports are trending down with recently released data showing cargoes are down some 5% over the first 11 months of 2017 to 4.24m tonnes compared to the same period in 2016. Full year imports in 2016 hit a record 4.94m tonnes.

Zinc is benefitting from historically tight supply with inventories in LME-approved warehouses down 70& since September 2015 to just under 181,000 tonnes. Stocks in warehouses monitored by the Shanghai Futures Exchange at 68,630 tonnes are down 65 percent since March last year according to Reuters:

“Demand growth is decent, but not spectacular from a historical perspective, which tells me this is once again a supply side issue,” said Bernstein analyst Paul Gait.

“Years of under-investment have caught up. We could see a further price acceleration in the short term, but current levels should generate sufficient capital inflows to generate new supply to meet demand.”

Chinese zinc imports jumped to above 573,000 tonnes in the first 11 months of last year, up 43% from the same period of the previous year.

Source: http://www.mining.com/goldman-good-news-copper-zinc-price/

#Copper soars to 4-year high as funds bet on shortages $LBSR

Posted by AGORACOM-JC at 11:44 AM on Thursday, December 28th, 2017
 
  • Copper prices jumped to a four-year peak on Thursday as funds bet on strong demand in top consumer China and supply disruptions in top producer Chile leaving the market short of the metal used widely in power and construction
  • Benchmark copper on the London Metal Exchange was up 0.3 per cent at $7,264 a tonne at around 1215 GMT from an earlier $7,312.5, its highest since January 2014
  • Up more than 30 per cent so far this year.
Pratima Desai
Reuters
Published 3 hours ago Updated December 28, 2017

Copper prices jumped to a four-year peak on Thursday as funds bet on strong demand in top consumer China and supply disruptions in top producer Chile leaving the market short of the metal used widely in power and construction.

Benchmark copper on the London Metal Exchange was up 0.3 per cent at $7,264 a tonne at around 1215 GMT from an earlier $7,312.5, its highest since January 2014. It is up more than 30 per cent so far this year.

“Funds are on a buying spree, but the timing and strength is surprising,” said Quantitative Commodity Research consultant Peter Fertig. “Fundamentals are good. China is a growing economy, it will need more copper. The risk of strikes in Latin America due to labor negotiations is looming.”

China accounts for about half of global copper demand estimated at around 23.5 million tonnes.

That is why a surge in its imports to 329,168 tonnes in November, up 19 per cent from the same period a year ago, triggered a buying frenzy this week.

Analysts estimate China’s copper demand growth could be as high as 3 per cent in 2018 from around 2 per cent this year.

They will be watching surveys of purchasing managers in China’s manufacturing sector and industrial production growth, which are typically used as lead indicators for copper demand.

“Heading into next year, a case can be made for a relatively higher trading range for copper compared to what we saw in 2017,” INTL FCStone analyst Edward Meir said in a note.

Meir expects the copper market to see a 130,000 tonne deficit next year after a shortfall of 95,000 tonnes this year.

“One variable that should help the market next year is the fact that there will be a series of key labor negotiations that could potentially impact a substantial amount of metal.”

Given copper’s 70 percent gains since hitting a 6-1/2 year low of $4,318 in January 2016, expectations are for unions to be more militant, particularly given the concessions they made when prices were tumbling.

Analysts at Citi say there are over 30 labor contracts, covering around five million tonnes of mine supply, due to expire next year, most of them in Chile and Peru.

“The largest identifiable potential issue concerns the Escondida contract due June, 2018, given the 2 month strike earlier this year,” they said.

“To reflect elevated supply risks over the next 12 months we assume a 6.0-per-cent disruption allowance for 2018 or 1.26 million tonnes versus 5.2-per-cent average since the financial crisis or 970,000 tonnes.”

Also helping copper is the lower U.S. currency, down 10 per cent since the start of this year against a basket of other major currencies, making dollar-priced commodities cheaper for holders of other currencies.

This relationship is used by funds which trade using buy and sell signals generate.

Source: https://www.theglobeandmail.com/globe-investor/investment-ideas/coppers-winning-rally-is-the-longest-in-a-generation/article37441071/

LBSR: Charts signal copper is about to make a powerful move $LBSR.us

Posted by AGORACOM-JC at 12:37 PM on Saturday, February 18th, 2017
  • Copper is often used as a barometer for the health of the global economy.
  • Naturally, Jim Cramer’s interest was naturally piqued when the red metal made a big breakout to the upside recently.

“Copper’s strength is part of the traditional metrics that define economic growth and it can be a part of the rational justification for what so many believe is an irrational rally,” the “Mad Money” host said.

When demand for copper increases, that means industrial activity is on the rise because copper is used to make a wide array of things from new factories, to new houses and automobiles.
However, Cramer did note that he doesn’t know if demand has increased because there have been major production cuts, which could signal the jump is supply driven rather than due to stronger demand.


To get the real deal on what the charts predict for the future of copper, Cramer spoke with technician Ed Ponsi, who is the managing director of Barchetta Capital Management and colleague at RealMoney.com.

With copper at a 12-month high and major stock indices at all-time highs, Ponsi found that history tends to make powerful moves when both stocks and copper move together.
“It is not a crystal ball. However, those who ignore history are doomed not to profit from it, so it would be a mistake to ignore copper’s latest move,” Cramer said.

What the market really loves is increased demand for copper, and most factors seem to be supply related, unfortunately. Workers are on strike at BHP Billiton‘s Escondida mine in Chile, the largest copper mine in the world. Freeport-McMoRan also cut production at its Grasberg copper mine, the third largest in the world.

However, there was one element that Ponsi thinks could be very bullish. China consumes nearly 50 percent of the world’s copper, so when its economy is on the rise, the price of copper tends to soar.

Looking at the weekly chart of copper going back to 2008, from the bottom in 2009 to the peak near 2011, the price of copper nearly tripled. Ponsi noted this was largely driven by China.

For the first time in years, there are bullish signals coming from China’s economy, as according to last week’s positive trade balance figures, exports are up 7.9 percent in January and imports up 16.7 percent.

Ponsi thinks the strength in copper could be great news for both the global economy and for U.S. stocks in particular.

“I am still a bit skeptical because if copper is only rallying because of tighter supply … then that is a lot less significant for economies around the globe,” Cramer said.

However, by traditional measures of economic strength, copper’s rally could mean good things for the future of the stock market.

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Source: http://www.cnbc.com/2017/02/15/cramer-charts-signal-copper-is-about-to-make-a-powerful-move.html

Liberty Star Provides Part 3 of Year End Update – February 5, 2017

Posted by AGORACOM-JC at 6:39 PM on Sunday, February 5th, 2017

Liberty Star Uranium & Metals Corp. (LBSR: OTCBB) is an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Currently the company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.

INTERVIEW: Liberty Star Provides Part 2 of Year End Update – $LBSR.us

Posted by AGORACOM-JC at 4:54 PM on Wednesday, January 11th, 2017

Liberty Star Uranium & Metals Corp. (LBSR: OTCBB) is an Arizona-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the states of Arizona and Alaska. Currently the company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.

Hub On AGORACOM / Corporate Profile / Watch Interview

INTERVIEW: Liberty Star Provides Year End Recap and Update with George Tsiolis/ James A. Briscoe $LBSR.us

Posted by AGORACOM-JC at 11:23 AM on Thursday, December 8th, 2016

  • Company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.

Hub On AGORACOM / Corporate Profile / Watch Interview Now!

Liberty Star’s Hay Mountain Exploration Plan of Operation Extension Approved $LBSR.ca

Posted by AGORACOM-JC at 9:42 AM on Monday, October 17th, 2016

Lsumlogo_with_slogan2_20130730

  • Announced the Arizona State Land Department, Natural Resources Division – Minerals Section, approved Liberty Star’s request for the extension of the Hay Mountain Project Exploration Plan of Operation and the renewal of all active Mineral Exploration Permits

TUCSON, AZ–(October 17, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) is pleased to announce the Arizona State Land Department (“ASLD”), Natural Resources Division – Minerals Section, approved Liberty Star’s request for the extension of the Hay Mountain Project Exploration Plan of Operation and the renewal of all active Mineral Exploration Permits (“MEP”). The ASLD acted quickly to approve the extension/renewal request, granting a new Exploration Plan of Operation effective date through September 29, 2017.

The Company will continue exploration activity on the porphyry copper — gold — moly Hay Mountain Project, Cochise County, southeast Arizona. The extended Exploration Plan of Operation details Liberty Star’s near surface phase 1a exploration plan that calls for drilling, upon the completion of raising adequate funding. Comments Liberty Star’s CEO/Chief Geologist James A. Briscoe: “This transaction was handled quickly and professionally by the ASLD staff and management and we really appreciate that, because it allows us to focus on essential fund raising and field work.”

James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

RISK FACTORS FOR OUR COMPANY ARE SET OUT IN OUR 10-K AND OTHER PERIODIC FILINGS FILED WITH THE SEC ON EDGAR.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook , LinkedIn & Twitter@LibertyStarLBSR

Review the Hay Mtn. Near Surface Phase 1 Plan Presentation (PDF)

Contact:
Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
info@libertystaruranium.com

Liberty Star Pays Federal Lode Claims $LBSR.us

Posted by AGORACOM-JC at 10:08 AM on Thursday, July 28th, 2016

Lsumlogo_with_slogan2_20130730

  • Announces payment for all Company Federal lands for 2016-2017
  • Other State payments are current
  • Completed payment on all Bureau of Land Management federal lode-mining claims (unpatented) for its properties located in Arizona

TUCSON, AZ–(July 28, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) announces payment for all Company Federal lands for 2016-2017. Other State payments are current.

Liberty Star has completed payment on all Bureau of Land Management federal lode-mining claims (unpatented) for its properties located in Arizona. Liberty Star projects are located in Cochise County, Pima County, and, Mohave County:

Located in Cochise County, southeast Arizona, the 42 square mile Tombstone Super Project area of interest includes the Company’s premier property, the Hay Mountain Project (“Hay Mountain”). Hay Mountain is a multi-target, multi-metal, variable depth exploration project for porphyry copper — gold — moly and multiple potential by product metals including lead, zinc, manganese, silver (?), uranium, thorium, and rare earth elements. Surface studies (geochemistry, geophysics, x-ray fluorescence) indicate the potential for discovery of a high grade and large sediment and porphyry hosted copper, gold, and moly ore body of the same type as the nearby Bisbee deposit and other commercially important ore bodies throughout southeast Arizona. Liberty Star plans to engage in exploratory drilling as soon as possible.

The East Silver Bell Porphyry Copper Project (“Silver Bell”) is located in Pima County, northwest of Tucson, Arizona within the Silver Bell Mining District. Asarco Mining operates open-pit mines and a solvent extraction plant (SXEW) about 4 ½ miles west of the Silver Bell property. The Company maintains claims covering a previously unrecognized porphyry copper center. The claims currently are within the Ironwood National Monument, established after the claims were staked.

The exploration-stage North Pipes Super Project is located in Mohave County, northwest Arizona near the Utah border on the Arizona Strip. The US Geological Survey notes the Arizona Strip is rich in uranium bearing breccia pipes. While uranium is the most commercially important metal, the pipes contain numerous other metals including copper, silver, vanadium, molybdenum, cobalt and nickel. Exploration at North Pipes is for high-grade uranium ore bodies that can be mined economically by underground methods. Eleven claims have been retained over what geophysically appears to be a very large or perhaps a triple breccia pipe.

“James A. Briscoe”
James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

RISK FACTORS FOR OUR COMPANY ARE SET OUT IN OUR 10-K AND OTHER PERIODIC FILINGS FILED WITH THE SEC ON EDGAR.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook, LinkedIn & Twitter@LibertyStarLBSR.

Contact:
Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
info@libertystaruranium.com

INTERVIEW: Liberty Star Discusses Hay Mountain Gold Anomaly $LBSR.us

Posted by AGORACOM-JC at 12:08 PM on Monday, July 11th, 2016

  • Company controls properties which are located over what management considers some of North America’s richest mineralized regions for copper, gold, silver, molybdenum (moly), and uranium.

Hub On AGORACOM / Corporate Profile / Watch Interview

Liberty Star’s CEO James A. Briscoe Updates the Hay Mountain Project $LBSR.us

Posted by AGORACOM-JC at 2:40 PM on Thursday, June 23rd, 2016
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  • Drillers are on standby and the necessary paperwork is in hand
  • Company wants to get to Hay Mountain Drill Target One ASAP

TUCSON, AZ–(June 23, 2016) – Liberty Star Uranium & Metals Corp. (“Liberty Star” or the “Company”) (OTCBB: LBSR) (OTC PINK: LBSR) is pleased to announce that Company CEO/Chief Geologist James A. Briscoe summarized exploration activity at the Hay Mountain Project over the weekend. The “Update on the Hay Mountain Project” was originally posted on the Liberty Star website on June 18 and shared on Agoracom.com that day.

Comments Mr. Briscoe: “While nothing in the update is brand new, it summarizes what we have found using well-established practices and new technologies in mining exploration. Our methodology offers reaffirming conclusions through different practices. In other words, we started with geochem as a baseline for finding targets which was confirmed and refined through geology, geophysics (ZTEM) and surface x-ray fluorescence (XRF instrumentation). It is my hope that the update clarifies our methodologies and conclusions. To that end, included in this summary are Internet links to various data that can also be found on our web site.

From CEO James A. Briscoe: Update on the Hay Mountain Project (Published June 18, 2016)

This is an exciting time for Liberty Star. I am ready, our field manager, Jay Crawford, is ready, the drillers are on standby and the necessary paperwork is in hand. We want to get to Hay Mountain Drill Target One ASAP.

As we have stated in numerous public reports, the data from geochem, geophysics and fieldwork with x-ray fluorescence for the Hay Mountain Project has been gathered and analyzed by me and other geosciences experts. I want to summarize and explain in simple terms what we have found and have reported previously:

  1. A viable target is indicated by our multiple geoscientific studies from the air and on the ground. This has been verified by independent geoscientists and follows the Lowell-Guilbert porphyry copper model.
  2. The presence of silicification and brecciated (broken) silicified limestone with leached capping, as well as breccia pipes with fluidized rounded clasts (fragments), characteristic of all porphyry coppers, but were unknown to the area prior to our fieldwork in the fall of 2015. These outcrops are occurring in the main porphyry copper alteration zone mapped according to the geochemical and geophysical studies.
  3. As recently as October/November 2015, field work with an x-ray fluorescence instrument (Niton XL3t Goldd+ XRF Analyzer from Thermo Fisher Scientific) has found high grade pods of copper oxide (malachite) emanating from oxidized chalcopyrite (“Recent Field Work at Hay Mtn Project,” 09/24/2015), which is the normal copper sulfide mineral in porphyry copper bodies in this region over the area where previously derived geochemical highs exist. Such surface covers about two linear miles where there is outcrop.
  4. We believe this disseminated copper is actually the top of the porphyry copper mineral body as detected by geochem and geophysics — and the geophysics trace it downward to approximately 6,000 feet below the current surface. We interpret it is the low-grade upper part of our target that is outcropping.
  5. Gold — Because the Lowell-Guilbert porphyry copper model was tested and verified on numerous porphyry copper deposits throughout the world, we know the center metals of the model and our terrain under study include iron (magnetite), potassium (as potassium feldspar) gold, and moly. Other disseminated metal rings form around the center. The following must be tested to be confirmed:
    1. We see the moly, lead and gold geochem values in vegetation at the porphyry center. It is possible the gold in the center could be occurring at the surface either as submicron (Carlin-style) or finely disseminated, but not submicron.
    2. Thus, gold could be minable at and/or near the surface and processed by heap leaching or other standard processes.

Because this is a hypothesis, it needs to be tested by drilling and sampling. This will be done, at least in part, by our planned drilling program. We have not yet ascertained whether the Hay Mountain land package possesses commercially viable deposits of copper, molybdenum, gold, silver, lead, zinc, manganese and other metals including rare earth elements, uranium and thorium but data to date suggests it does. We have not identified any ore reserves to date. We have no way of finding out any of this without drilling.”

[Originally posted: http://www.libertystaruranium.com/2016/06/18/ceo-james-briscoe-update-hay-mountain-project/]

“James A. Briscoe” James A. Briscoe, Professional Geologist, AZ CA
CEO/Chief Geologist
Liberty Star Uranium & Metals Corp.

About Liberty Star Uranium & Metals Corp.

Liberty Star Uranium & Metals Corp. is engaged in the acquisition and exploration of mineral properties in the States of Arizona and southwest USA. The Company’s website address is www.libertystaruranium.com.

Forward-Looking Statements

Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2016, as updated from time to time in our filings with the Securities and Exchange Commission, most recently in the Company’s Quarterly Report for the period February 1, 2016 to April 30,2016. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

Follow Liberty Star Uranium & Metals Corp. on Agoracom, Facebook , LinkedIn & Twitter@LibertyStarLBSR

Contact:
Agoracom Investor Relations
lbsr@agoracom.com
http://agoracom.com/ir/libertystar
or
Liberty Star Uranium & Metals Corp.
Tracy Myers
520-425-1433
Investor Relations
info@libertystaruranium.com