Copper inventories are down 26% on the LME in the last month, so there seems to be increasing demand from limited supply in the near term. This has also resulted in the price increasing from US$3.00 lb to $3.18 lb. In the longer term we see a copper deficit, especially in 2016. As a client mentioned today, when was the last time you saw new large copper mine come on line?

On Tiger Resources (ASX:TGS) has produced first copper cathode (100% copper sheets) from its new Kipoi plant -