Smelter Payday Countdown, page-6

  1. 46,902 Posts.
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    Unfortunately the current copper price at just above $3 per pound and a long way shy of W.M,s bold prediction from several years ago that it would be closer to $10 per pound by now and the comments from last year that the delays were a bonus as they wouldn't want to be selling copper at these prices. Plenty of articles out of China showing a copper surplus so I cant see CU prices improving anytime soon - One positive is predictions of the AUD falling to 75c which will help the Aussie miners.




    China's copper surplus surges on flagging property sector, rising imports


    http://en.chinamining.com.cn/News/2014-09-19/1411094354d69640.html
    Last edited by h00ts: 21/09/14
 
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