Combination of China selling copper stockpiles hoping to push prices down and year end selling...copper appears to have bounced off the bottom ...and bargain hunters are now chasing the stock higher.
More encouraging comments from retiring Glencore CEO.
Glencore’s not-so-retiring retiring CEO Ivan Glasenberg has added his voice to the call that $US6.80/lb ($US15,000t) copper prices are required to incentivise the new production needed to meet the wave of demand coming for the electrification of everything.
2H 2021 likely to be the most exciting yet for long term holders.
Combination of China selling copper stockpiles hoping to push...
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $62.40M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $15.07K | 131.3K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 313080 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 28994 | 2 |
View Market Depth
| Last trade - 16.10pm 14/05/2024 (20 minute delay) ? |
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Last
11.5¢ |
Change
-0.005 ( 2.22 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.5¢ | 39308 | ||
| Last updated 15.28pm 14/05/2024 ? | |||||
| KGL (ASX) Chart |