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Ann: Updated Nifty MRE Reaches 1M Tonnes Contained Copper, page-57

  1. RhysD
    757 Posts.
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    12/04/24
    12:30
    Post #: 73313664
    Fun Fact:

    How much is 1.6M tonnes of Cu worth?

    Assuming the price of copper stands at $9,240.30USD per ton.
    Calculate the value of 1.6 million tonnes of copper:Convert 1.6 million tonnes to kilograms:1.6million tonnes=1,600,000tonnes=1,600,000×1,000kg/tonne=1,600,000,000kgCalculate the total value:Value=Price per kilogram×Total weight in kilogramsValue=$9.24×1,600,000,000=$14,784,000,000

    Therefore, 1.6 million tonnes of copper would be worth approximately $14.78 billion USD.
    CYM Price at posting: 2.9¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 7  Upvote
    lightbulb Created with Sketch.  Great analysis
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