sm.all.caps.com.au R. Bromby 8.5.24 said"Copper prices have topped US$10,000 per tonne for the second time in a fortnight but analysts including Goldman Sachs are predicting that there’s still a long way to go.
Goldman’s latest forecast is for the red metal to reach US$ 12,000/t by the end of 2024 and then US$15,000/t (all emphases, mine) in 2025...
...this time [224] it is the looming and widening supply-demand deficits that have caught traders’ attention and led Goldman to predict “demand rationing” because demand is in runaway mode, but few new mines are in offing.
Copper supplies stall
In its most recent client note, Goldmans says copper demand has “scarcely gathered momentum”.
It sees a deficit of 454,000t this year and 467,000t in 2025".
(Refer to link, which details the many Supply issues that are currently hampering the surging demand for Cu)
Copper price surge continues as analysts forecast steep rise amid supply crunch (*********.com.au)
(Insert Sm..allcaps)
sm.all.caps.com.au R. Bromby 8.5.24 said"Copper prices have...
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Last
$2.22 |
Change
0.050(2.30%) |
Mkt cap ! $538.6M | |||
| Open | High | Low | Value | Volume |
| $2.19 | $2.27 | $2.18 | $623.6K | 279.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 334 | $2.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.25 | 2505 | 1 |
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| Last trade - 16.10pm 10/06/2024 (20 minute delay) ? |
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Last
$2.22 |
Change
0.050 ( 2.23 %) |
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| Open | High | Low | Volume | ||
| $2.22 | $2.27 | $2.21 | 32269 | ||
| Last updated 15.59pm 10/06/2024 ? | |||||
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