I was also an MEP holder, but deny being a crusty old bunch.
But I agree with you, I will definitely hold on and we will break the old sp high from 7 days ago imho. Why so ?'The copper price seems to be heading up again' , we are very close to the old 5 year highs in May and Oct 2021 and last in Feb 2022.
Explanation from 'Trading Economics':
"This magnified ongoing supply concerns that triggered a sharp rally for copper in the second quarter. Cobre Panama, the world’s largest open-pit copper mine was suspended, while power cuts in Zambia hit key mines. The difficulty in securing supplies and lower margins for smelters in China resulted in a potential cutback of 10% in this year’s output.
Finally, high costs of committing to new mines drove industry players to attempt M&A activity with rivals instead of starting new projects, recently headlined by BHP’s attempt to buy Anglo American.
On the demand side, high copper demand due to its role in electrification sustained the bullish outlook in the longer term."
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Mkt cap ! $218.7M |
Open | High | Low | Value | Volume |
37.0¢ | 38.5¢ | 37.0¢ | $3.542M | 9.349M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 61169 | 37.5¢ |
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Price($) | Vol. | No. |
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38.0¢ | 15000 | 1 |
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No. | Vol. | Price($) |
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4 | 61169 | 0.375 |
4 | 182107 | 0.370 |
6 | 169500 | 0.365 |
8 | 151750 | 0.360 |
8 | 195493 | 0.355 |
Price($) | Vol. | No. |
---|---|---|
0.380 | 15000 | 1 |
0.385 | 53253 | 4 |
0.390 | 67370 | 8 |
0.395 | 3128 | 1 |
0.400 | 103500 | 6 |
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