dChan
Anonymous ID: 0b62cb June 3, 2024, 3:42 p.m. No.20962330   🗄️.is 🔗kun   >>2607 >>2844

>>20962284

>Dimon says he didn’t know Jeffrey Epstein was a client at his bank over the 14 years

Yeah sure just like he dint know JP Moran was the primary funding source for Madoff.

Pay the fines as the business model of making billions but paying millions in fines alive and well

Frog March his ass in cuffs into the river

Anonymous ID: 0b62cb June 3, 2024, 4:04 p.m. No.20962464   🗄️.is 🔗kun   >>2713 >>2844

Copper prices stay firm after hitting all-time high on AI demand, China recovery

 

(Ummmm no it’s just like the Nickel short squeeze but they don’t wanna talk about that…demand muh ass

 

The global benchmark price for copper recently climbed to an all-time high, amid expectations for strong AI demand and a Chinese economic recovery, despite heavy production by Chinese refineries and weaker-than-expected demand from the world's largest copper consumer.

Copper prices are expected to remain elevated for some time as traders and investors assess whether strong demand from data centers to power artificial intelligence, and from clean energy projects, materializes. “Doctor Copper," as it is sometimes called, is seen an indicator of the health of the global economy.(so if you want to make it appear that this entire “recovery” narrative is true just go into the Copper market and buy a shit ton of paper contracts-which will then be shorted and voila! You get a short squeeze and can point to this as ‘evidence’ that the lies are real-where are Oil prices now? thanks!! And they even admit it mostly speculation lower down)Consumption of the nonferrous metal often rises along with demand for infrastructure, which in turn increases as economies grow. The benchmark three-month forward contract for copper rose to $11,104.5 per tonne on the London Metal Exchange (LME) on May 20, the highest level ever. It traded above $10,000 on Friday.

The high prices come against a backdrop of steps taken by China to revive its economy. The People's Bank of China, the central bank, announced a $42 billion financing scheme to encourage local governments to buy unsold homes in mid-May. China is the world's biggest consumer of copper, accounting for more than half of global demand for the refined product.

Prices are also being buoyed by predictions of a global push for renewable energy and electric vehicles, as well as more data centers to support the development of artificial intelligence, all of which will require copper. Industry sources and analysts say the market has been tight in North America and Europe, partly due to demand from the renewable energy industry and electric vehicle manufacturers. In terms of supply, the LME barred the trading of newly smelted Russian copper in April. Miners have struggled to meet production targets and bring on new projects onstream, such as with the Cobre Panama mine, which halted operations due to protests in the Central American country over environmental damage and land sales to foreign companies. But overall, "The push higher in prices has been predominately speculative," according to Eleni Joannides, research director for copper at Wood Mackenzie. Investors have shifted their attention to commodities with the outlook for equities dimming as U.S. interest rates stay high. Meanwhile, Australian miner BHP Group's recent bid to acquire U.K. peer Anglo American for its copper assets has underscored to investors the importance of copper, market watchers say.

https://asia.nikkei.com/Spotlight/Market-Spotlight/Copper-prices-stay-firm-after-hitting-all-time-high-on-AI-demand-China-recovery

Anonymous ID: 0b62cb June 3, 2024, 5:36 p.m. No.20962869   🗄️.is 🔗kun

>>20962232

All of them are insolvent

Mebby they shouldn’t have loaded up on ZIRP Treasury Notes

But moral hazard is still a thing and will be until the take a flamethrower to the OCC