Crazy isn't it - briefly touched $6,000/ton, up $1,000 this week alone. Has clearly been amplified by speculators but the underlying move seems to be demand based. Attached Reuters article suggests little oversupply in 2016 to overhang into 2017, so the predicted deficits could bite earlier - perfect timing for MOD and their scoping study. Great place to be invested imho
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Copper price on a bit of a run, page-22
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INFINI RESOURCES LIMITED
Charles Armstrong, CEO & Managing Director
Charles Armstrong
CEO & Managing Director
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