Copper needs to be “well above” $3 per lb to attract investments
“Important investments won’t happen at $2.60 per lb,” Cussen said. “The copper price needs to be well above $3 per tonne ($6,614 per tonne) for new investments to occur.”
Pala Investments' Gill agreed. “Either the world demand for copper [will need to] shrink substantially or the incentive price of $7,800-8,000 per tonne [$3.53-$3.63 per lb will need to be] reached,” Gill told Fastmarkets.
https://www.amm.com/Article/3913954/Nonferrous/2020-preview-Cus-long-term-prospects-bright.html
Copper needs to be “well above” $3 per lb to attract investments...
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