Possible scenario
Supply Recovery Caps
25% Chance
The record premium proves difficult to sustain if disrupted mine supply begins returning. A partial normalization at Codelco’s El Teniente and better Freeport shipment visibility would reduce panic buying and weaken the negotiating position of miners.
Initial impacts
- Copper Down
Secondary impacts
- Non-Energy Materials -0.5%
- Industrials +0.4%
- Utilities +0.2%
Tickers
- FCX+1.1%
Portfolio impact
S&P 500-0.2%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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