There well could be a price point where an alternative cheaper conductor than copper puts a lid on the copper price.
I'm certain it won't be $14k a tonne because we have Labour and the so called Greens and Teals running the country and dancing to 1970's music.
The baby boomers got wealthy because God gave them Gough Whitlam.
"By mid-1975, inflation hit 17.6 per cent."
Don't forget the power of Inflation if you own assets:
Back in 1968 when I bought my first bit of property, copper was us$ 1.6k a tonne and you could buy a one bedroom brand new strata titled apartment for $6k
A similar apartment would cost $400 K today.
A straight line comparison would put copper at $132K a tonne. Plenty of room in that equation for a price above $14k
Looks like God has bought back the good old days.The young people of today have been blessed with Air Bus Albo and unfiltered access to a crazy stock market.
HGO Price at posting:
6.8¢ Sentiment: None Disclosure: Held
