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
I think Ivan's dreaming and pumping at the same time, what I...
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Last
11.0¢ |
Change
-0.005(4.35%) |
Mkt cap ! $65.23M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.0¢ | $14.98K | 130.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 293875 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 28994 | 2 |
View Market Depth
| Last trade - 15.30pm 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 |