Mr. Pathological Thinker came up with a new way to inject chaos into the markets to feed his galaxy sized ego at the expense of Americans and the world.
https://tradingeconomics.com/commodity/copper
1. 1 day-can you tell when Trump made the announcement
2. 1 week-after falling for several days, Copper spiked to record highs.
3. 1 month
4. 1 year-The big drop lower in early April was also caused by Mr. Chaos. Expectations then that his tariffs would damage the economy and hurt demand for copper that time!
5. 10 years-Price is 2.5 times what it was a decade ago. Steepening slope of the up trending line. Major breakout today, well above previous highs. Probably hit tons of buy stops.
+++++++++++++++++
https://www.copperweld.com/blog/what-does-5-lb-copper-mean-for-the-building-wire-market
As a result of these factors, the U.S. Department of Energy classified copper as a “Critical Material” in their 2023 report.3 This classification is reserved for a substance that the Secretary of Energy designates as “a high risk of supply chain disruption; and serves an essential function in one or more energy technologies.”4
The greater a market’s reliance on a critical material, the greater its vulnerability to instability.
Few industries will feel the impact of record-setting copper price increases like the construction industry, which accounts for almost half (46%) of the nation’s copper supply. According to the United States Geological Survey (USGS), within the construction industry, building wire alone uses 20% of the total U.S. copper supply.5, 6
The price of copper has an outsized impact on the price of building wire.
Steep increases in building wire costs
Over the past few months, builders and electrical contractors who use solid-copper building wire have felt the financial and administrative fallout of record-setting building wire costs. When copper prices spike, building costs soar, requiring copper price approvals, re-estimations, construction delays, and slower cycle times. These factors devastate budgets, reduce profits, and frustrate relationships.
https://en.wikipedia.org/wiki/List_of_countries_by_copper_production
| Rank | Country/Region | 2024 Production (× 1000 tons) |
|---|---|---|
| 1 | 
Chile | 5,300 |
| 2 | 
Congo (Kinshasa) | 3,300 |
| 3 | 
Peru | 2,600 |
| 4 | 
China | 1,800 |
| 5 | 
United States | 1,100 |
| 6 | 
Indonesia | 1,100 |
| 7 | 
Russia | 930 |
| 8 | 
Australia | 800 |
| 9 | 
Kazakhstan | 740 |
| 10 | 
Mexico | 700 |
How things have changed in a century+ !!!!!!!
| Rank | Country/region | Production (× 1000 tons)[2] |
|---|---|---|
| — | World | 723 |
| 1 |
United States | 399 |
| 2 |
Mexico | 61 |
| 3 | 
Spain and Portugal | 50 |
| 4 | 
Japan | 50 |
| 5 | 
Australasia | 42 |
| 6 |
Chile | 27 |
| 7 | 
Germany | 21 |
| 8 |
Russia | 15 |
Copper has continued strong in the early overnight trade.
https://tradingeconomics.com/commodity/copper
On the demand side it has been talked about (on another venue) the volume needed for these new data centers is large.
WONDERFUL point, cutworm!
++++++++++++++
Potential top(short term speculative buying exhaustion) from the knee jerk reaction to the latest Trump tariff news about copper.
This interpretation is VERY low for predictive value.
https://tradingeconomics.com/commodity/copper
Copper held its gains this week and is closing strong. This will put inflationary/upward pressure on prices in the United States as will all of Trumps wacko tariffs later this year.
1. 1 week
2. 10 years. Accelerating uptrend. Huge upside breakout to record high prices.
https://tradingeconomics.com/commodity/copper
