3 Month Copper bottomed at Xmas and has been rising since. From US$3000 to $4,000 today, still on trend. China buying. Have some recall Oxides economic cutoff was $6500, but that was at higher acid prices. Was that $US or $A? If its $A and the cost is closer to A$6000 now the current copper price would not be far off that, and trending up. Price in US up over 3% this trading session, $1.83 lb. All base metals up, copper leading the way. Smooth curve up on 12 month chart.
CMR Price at posting:
15.0¢ Sentiment: None Disclosure: Held