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
11.5¢ |
Change
-0.005(4.17%) |
Mkt cap ! $65.23M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 11.5¢ | 11.5¢ | $8.05K | 70.00K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 40367 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 50000 | 1 |
View Market Depth
| Last trade - 12.21pm 28/05/2024 (20 minute delay) ? |
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Last
12.0¢ |
Change
-0.005 ( 0.00 %) |
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| Open | High | Low | Volume | ||
| 11.5¢ | 12.0¢ | 11.5¢ | 42673 | ||
| Last updated 13.05pm 28/05/2024 ? | |||||
| KGL (ASX) Chart |