Spectacular copper price rally only gaining momentum
https://www.mining.com/spectacular-copper-price-rally-only-gaining-momentum/
As for the long-term copper demand outlook, few analysts have graphs that don't start in the bottom left corner and end near the upper right.
During US trading on Friday, copper for delivery in May'24 hit an intra-day high of US$4.51/lb or US$9,942 a tonne, up more than 16% so far during 2024 (most of that coming during April) and the highest since the beginning of June 2022.
Evolution is leveraged to benefit from a second secular copper bull market with its two copper-gold projects (Ernest Henry and Northparkes).
Cheers
These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.
Ann: March 2024 Quarterly Report, page-30
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| Open | High | Low | Value | Volume |
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