Mining News – Sunday Roundup Sep 6th Posted on September 6, 2020 by Andrew Mining News – Sunday Roundup Sep 6th. Copper is in focus this week as the Chinese have been panic buying, and, as a result, LME stocks are at their lowest levels for 15 years. There is a real copper supply squeeze, and Citigroup analysts are stating that a price of $8,000 is plausible. . Mining stocks in the watchlist performed poorly this week as many returned some of their recent gains as the price of gold dropped around $40 on the week. . . . Mining News – Sunday Roundup Sep 6th . . Copper is in focus this week as the Chinese have been panic buying, and, as a result, LME stocks are at their lowest levels for 15 years, with the LME’s Asian depots nearly empty. There is a real copper supply squeeze, and Citigroup analysts are stating that a price of $8,000 is plausible. . . Copper is in extremely short supply and dealers are saying that “China is sucking everything available up”, as they recover from the covid induced downturn earlier this year. . . Iron Ore is also in high demand and hitting a six year high as again China is sucking in stocks from around the world. The price reached $129 ton in China, as Australian miners increase production to make up fr the covid related shortfall from Brazil. . . . Precious Metals Gold had a poor week, falling from $1,976 to $1,933, after coming close to breaching $2,000 on Tuesday, then it was all downhill from that point. Renewed US dollar strength was the main reason for the fall. . Silver fared a little better, falling form $28.03 to $26.88, after nearly breaching $29 on Tuesday. Palladium had a strong week on the back of increased Chinese car production, rising $79 oz to $2,298. . . . Stocks we follow . Mining stocks in the watchlist which are mainly gold, performed poorly this week as many returned some of their recent gains as the price of gold dropped around $40 on the week. One exception to this was Minera Alamos which held ground as investors await the start of production in Q1 2021. Fiore Gold also remained firm, after reporting recent record production and revenue numbers. . . Many previous strong risers are losing ground, with Fosterville South continuing to fall despite releasing some high grade drill results from Golden Mountain a coupe of days ago. ASX listed Gold Road also fell back, possibly due to Blackrock reducing their stake by 7 million shares in the last few weeks. . . . Metal prices/ Gold 1932.94 Silver 26.88 Copper 3 Nickel 6.87 Zinc 1.13 . . City Investors Circle is based in the financial district of the City of London. . We present selected interesting and exciting junior mining companies listed on the ASX, TSX, and Venture stock exchanges, to a group of city professionals, brokers, HNWI’s, and private investors, all of whom are active investors, with a mandate to invest in junior mining companies. . Our audience is selected and individually invited, to ensure interest and relevance. Meetings are small group, highly focused and engaged, with a lively Q and A to follow the main presentation. . We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our monthly newsletter. . If you wish to present to our select group of active mining investors, please email: firstname.lastname@example.org for information.