Gerard Burg Quotes

What we've seen over the last couple of weeks with disruptions at copper mines has narrowed the opinion of whether the market is going to be in deficit or surplus. More and more people are thinking it's going to be in deficit this year.

- Gerard Burg

Tags

Couple | Weeks | Disruptions | Copper | Mines |

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We're now in wait-and-see mode. It could be weeks before we know the full extent (of damage), but given how easily $70 was reached, it's not out of the question that $80 could be the next barrier if there's long-term damage. - Gerard Burg

These concerns also led to a reduction in speculative long positions in the futures market, resulting in less speculative support for spot prices. - Gerard Burg

Market focus will remain firmly on Iran, Nigeria and Venezuela and the potential for lower oil production from these countries in response to ongoing political crises. - Gerard Burg