Copper is the Barometer of construction & there for economy. China is having all sorts of trouble in the domestic construction area.
At $10,100.00 a ton its still top prices down from a suggested only $15,000.00 by themselves. Copper is tight the London metals exchange Supply states copper is in huge demand. So it may not hit $15,000.00 USD but it still at high prices. We have been mining copper for 4000 years and it is not going to stop. What will stop is the readily available to be mined supply if more is not found. The search is on worldwide, Black Cat you were telling us 6 months ago how CONGO and Robert Freidland from Ivanhoe Mines & Glencore were going to be pulling 4% from the ground and stop the copper mining industry in its tracks. The only raging news out of CONGO is that Monkey Virus is reaping havoc in the mining area towns of CONGO.
ICG Price at posting:
0.6¢ Sentiment: Hold Disclosure: Held
