Satellites to spy on smelters for copper traders

Discussion in 'Wall St. News' started by Banjo, Oct 8, 2019.

  1. Banjo


  2. maxinger


    between 2006 and 2012, copper price could swing wildly and was highly tradable.

    past few months, price has been rather stable at around 2.6 level.
  3. 2rosy


    Can use google earth for this and more
  4. gaussian


    Jesus, why didn't they think of THAT?

    it might be because they want to monitor high resolution photos of plant operations in semi-real time.
    MoneyMatthew and GregorySG9 like this.
  5. maxinger


    how often do they update the image?
  6. gaussian


    Usually between 1 and 3 years. These guys are playing the looooooooong game.
  7. zdreg


  8. vanzandt


    They've been doing this kind of stuff for years. Everything from counting cars in parking lots (via live satellite) of various retail operations like Target or CMG... to studying the draft and waterlines on oil freighters to see how much they're hauling. Anything for an edge.
    MoneyMatthew likes this.
  9. @vanzandt beat me to it, but monitoring tanker movements and load levels by satellite has been widely used for years as both a lead indicator of wider economic activity and also for helping to forecast freight rates and thus income for shipping companies.

    The other one is counting cranes across city skylines to help with forecasting development activity, and Real Estate Company valuations.