Oreninc on China’s Copper Conspiracy

What has been happening with the copper stockpiles in China?

Benjamin begins by speaking to the recent news that copper has been disappearing in China. He notes that people have been talking about copper stockpiles in China for years, and how he went to China on a trip to find it. However, when he arrived, the stockpiles always had a smaller amount of tonnage than they actually claimed they did. He then explains how the use of copper to secure loans created over-reporting of the amount of copper being stored, which accounts for this discrepancy. Benjamin notes that when this copper disappeared, the price of copper didn’t go up, which was due to copper no longer being good collateral for Chinese loans. However, the evaporation of copper as collateral for loans and the magical “disappearing” of copper are both going to drive up the price of copper. Benjamin concludes by noting how much he loves copper, and that this development only strengthens Oreninc’s bullish case for copper.

Watch on YouTube: https://www.youtube.com/watch?v=IFeRPVGee8Q

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