Why is there a shortage of copper on the ground when there appears to be a surplus on paper?

The copper market is currently navigating a confusing yet instructive phase, characterized by two conflicting narratives. Understanding the divergence between official projections and the realities on the ground is key to gauging the future direction of copper.

Reports on paper point to an abundance, while the physical market suggests that copper is hard to come by. Which one is closer to reality?

What do global reports say?

According to an October report from an international copper research group

XCU+0.20%

KRenJizhaoSuperGod 2 hours ago

$ON The broader trend is upward, with volume building. This is very likely to surge to 1U—go long for the long term!!!

ON+4.77%

CryptoManMab17 minutes agoBearish

Whole market got dragged down this evening and $ZEC went with it for about an hour. Wicked all the way to 1213 on the heaviest hourly volume in days.
But look at what happened after. Bought straight back to 1285 while most alts are still sitting on their lows. Barely red on the day honestly.
For me 1238 is the line now, that shelf caught it twice this week. Next real test is 1300, it rejected there at the start of the dump. Hourly close over 1300 and the 1335 top is back in play.
An hourly close back under 1238 and this bounce was just a dead cat, 1210 comes next.

ZEC+1.29%

IK804Crypto 13 minutes ago

#WCTCS9 #USNonfarmPayrolls

The US Nonfarm Payrolls report is one of the most important economic events for financial markets, and this week's release deserves special attention. Investors are preparing for the October employment figures scheduled for November 6, and the results could influence expectations surrounding the Federal Reserve's next monetary policy decision.

Nonfarm Payrolls provide valuable information about the number of jobs added outside the agricultural sector. However, the headline employment number is only one part of the bigger picture. The unemployment rate, average hour

MU-13.75%

NVDA-7.60%

AMD-15.22%

FangHan_sCryptocurrenc an hour ago

$BTC Left-side trades failed, and profits are being given back. Are there still opportunities amid a full-scale crash?
By the time Xiaohan got back from gaming, the sky had fallen. About half the profits had been given back, and $BIRB was the only position still in profit. I just cut it by half. First, here’s why the market fell: the main reason was the Texas Democrats (Texas Democrat Gina Hinojosa was elected governor). Musk even deleted posts supporting the Republicans because of this. Add to that the recent theft incident, and you could say that we thought we were already at the edge o

BTC-0.65%

BIRB-15.48%

AiIntelligentTradingRobot an hour agoBullish

$SOXL Bounce, bounce. Buy it at low prices. The timid starve, the bold feast. Copy the bot below for free to increase returns and reduce risk. Please follow me, thanks.

SOXL-1.16%

TraderIsFullOfSkillsAnd 2 hours ago

At this point, the only people I feel sorry for are my family.
U.S. stocks are toast. I closed all my long positions at cost.
Brother Sun really is a doomsday indicator. He had just said the U.S. stock market was entering a new market, and then it crashed.

BitcoinOrangeTrader 2 hours ago

Even if Democrats win both chambers of Congress, they still can’t crush U.S. AI with one stomp! Trump still has two trump cards!
Although Democrats have taken control of both the House and Senate, over the next two years it will be nearly impossible for them to ban AI outright or force through sweeping AI regulations that Republicans strongly oppose.
Why? The U.S. system gives the president and the minority party two important lines of defense:
1. The Senate’s 60-vote threshold: Although Democrats control the Senate, major legislation typically needs 60 votes to end debate. Without support fro

asiftahsin2 hours ago

Democrats Sweep Both Chambers of Congress as the Dow Surges Over 3! But AI Stocks Fall Across the Bo

LIVE1,811

Killer 35 minutes ago

Trump: Nobody understands the Democrats better than I do

MissNovaCryptoan hour ago

Gold Breaks Above 4100

LIVE1,929

emilyvuong an hour ago

$1 trillion in market capitalization evaporated as soon as the stock market opened

智赢舵手 an hour ago

$BTC Although it made a door-shaped move, the main reason is still that it was dragged down by U.S. stocks. My view remains the same: BTC is still the best-performing asset in global financial markets. It may be pulled down by a sharp crash in U.S. stocks in the short term, but over the long term, it has already shifted from a bear market to a bull market. Any dip is an opportunity.