Nearly at the all time highs. Imagine the pressure metal buyers are under right now. And then consider that unlike many penny stocks, the chart is directly linked to real world metrics which are not going to change any time soon. You just can't snap your fingers and bring on enough copper supply.
Even if panama approved the re-opening of cobre panama for example, it would only make a small dent in the supply side, while every month the demand side grows due to long term metrics:
- War
- Electrification
- Industrialisation of the second and third world
This is a long term problem and requires long term solutions. Which means we need a huge amount of copper projects to come online just to maintain balance. If this is not done now, the situation will be even more dire by 2030 and this is why I believe metal buyers are freaking out. The miners have just dropped the ball on copper for the longest time and there's not enough shovel ready projects.
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Last
2.9¢ |
Change
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Mkt cap ! $17.14M |
Open | High | Low | Value | Volume |
3.5¢ | 3.5¢ | 2.7¢ | $259.4K | 8.504M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 863860 | 2.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.9¢ | 78203 | 1 |
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4 | 863860 | 0.028 |
9 | 1096548 | 0.027 |
3 | 1178263 | 0.026 |
7 | 749601 | 0.025 |
1 | 208333 | 0.024 |
Price($) | Vol. | No. |
---|---|---|
0.029 | 78203 | 1 |
0.030 | 1261239 | 5 |
0.031 | 498388 | 2 |
0.033 | 50000 | 1 |
0.035 | 100000 | 1 |
Last trade - 16.10pm 17/06/2024 (20 minute delay) ? |
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