Doesn't sound like HGO should be locking in too much hedging at the moment.
Copper set to take off, Citi says
DAVID ROGERS
As copper hits 14-month highs, Citi has an urgent message for consumers and investors: buy now or pay the price of cost increases and missed opportunities in a new secular bull market.
Copper’s first secular bull market this century was led by China’s urbanisation and industrialisation.
In the early 2000’s the commodity shot up from $US1,600 to $US8,800 a tonne in just three years.
Citi says such explosive price gains may also be possible over the next few years if a cyclical recovery adds to the bullish long-term forces that it has identified.
Citi said copper’s second secular bull market this century was taking hold, 20 years after China urbanization and industrialization-led secular bull market.
That bull market was muted by cyclical weakness in the past 18 months.
This week Mr Layton revised up his short-term price forecast to $US9,700 from $US9,200 a tonne. His base case has copper averaging $US10,000 a tonne by the December quarter and $US12,000 a tonne in 2026.
His bull case has copper rising more than two-thirds of its current value, to over $US15,000.
“Explosive price upside is possible over the next two-to-three years too, if a strong cyclical recovery occurs at any time,”
- Forums
- ASX - By Stock
- Ann: Kanmantoo Ramps Up Copper Production and Sales
Doesn't sound like HGO should be locking in too much hedging at...
- There are more pages in this discussion • 7 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add HGO (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $157.0M |
Open | High | Low | Value | Volume |
7.6¢ | 7.7¢ | 7.5¢ | $205.3K | 2.716M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 955499 | 7.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.6¢ | 199543 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 955499 | 0.075 |
5 | 748973 | 0.074 |
11 | 570127 | 0.073 |
13 | 841054 | 0.072 |
3 | 373521 | 0.071 |
Price($) | Vol. | No. |
---|---|---|
0.076 | 199543 | 3 |
0.077 | 96853 | 3 |
0.079 | 265118 | 5 |
0.080 | 1280009 | 6 |
0.081 | 540086 | 3 |
Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
|
|||||
Last
7.5¢ |
  |
Change
0.000 ( 1.35 %) |
|||
Open | High | Low | Volume | ||
7.6¢ | 7.7¢ | 7.5¢ | 947282 | ||
Last updated 15.34pm 06/05/2024 ? |
Featured News
HGO (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
Previous Video
Next Video
SPONSORED BY The Market Online