In the past month, two huge copper mines went offline. Both had suffered major mine accidents. The Kennecote Utah copper mine (Rio Tinto) has suffered maybe the largest landslide in North America. 50% of the production will be cut.
In Indonesia, world's second largest mine Grasberg Mine (Freeport McMoran) had a tunnel collapsed that had killed 28 miners. It will not restart the mine until further notice.
These incidents cannot be ignored. These mega mines affect the copper supply in a large way. Last time when the Grasberg mine was shut in 2003. The superscycle in commodities had started.
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