I think Ivan's dreaming and pumping at the same time, what I believe is more likely that at USD$12K/T is needed to kick off substitution investment which will take time, to such materials as aluminum.
The really interesting play by the long game Chinese, as dampening the price now, prevents investments into substitution and, and with an increasing gap between supply and demand, that means when the Chinese run down their reserves and can no longer dampen the price, then Cu price will go crazy as their will be no means to dampen and no substitution materials available. Could get pretty interesting about this time, hopefully just a KGL is about to start pouring first copper, if the they haven't taken over by this time.
AIMHO DYOR
Ann: Annual General Meeting Presentations, page-13
Add KGL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
11.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $65.23M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $41.86K | 364.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 8 | 515495 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 61985 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
|
|||||
|
Last
11.5¢ |
Change
0.000 ( 4.17 %) |
||||
| Open | High | Low | Volume | ||
| 11.5¢ | 11.5¢ | 11.5¢ | 67474 | ||
| Last updated 11.08am 29/05/2024 ? | |||||
| KGL (ASX) Chart |