Funds buy back into copper’s supercycle credentials
https://www.mining.com/web/column-f...ercycle is back,highest trade since June 2022.
Citi contends copper is now entering its second secular bull market this century, after that of the 2010s when China’s industrialisation and urbanisation drained copper stocks and sent the nominal price soaring above the us$10,000 level for the first time ever.
Analysts at Citi have raised their forecasts to an average US$10,000 during the fourth quarter of this calendar year and US$12,000 during 2026.
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Funds buy back into copper’s supercycle credentials...
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Last
21.5¢ |
Change
0.015(7.50%) |
Mkt cap ! $68.07M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 21.5¢ | 20.0¢ | $22.74K | 108.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 50000 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 22.0¢ | 29999 | 2 |
View Market Depth
| Last trade - 14.20pm 15/05/2024 (20 minute delay) ? |
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Last
19.5¢ |
Change
0.015 ( 2.50 %) |
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| Open | High | Low | Volume | ||
| 20.0¢ | 20.5¢ | 19.5¢ | 47633 | ||
| Last updated 15.02pm 15/05/2024 ? | |||||
| HAV (ASX) Chart |