From this morning's Fin Review:
Copper heads to $US10,000 as ‘squeeze’ intensifies
Copper is headed to $US10,000 a tonne as traders ramp up bets that miners will struggle to adequately increase supply to meet booming demand for the industrial metal.
It comes amid evidence of improving manufacturing activity in the US and China, coinciding with a string of supply disruptions at major mines.
‘‘We’re seeing some green shoots in the global industrial cycle and so an upswing in metals demand seems to be underway,’’ said Paul Bloxham, HSBC’s top commodities economist.
‘‘The supply side of many commodities is very constrained, so we’re in this global commodity super squeeze and copper is certainly part of that story.’’
From this morning's Fin Review: Copper heads to $US10,000 as...
-
- There are more pages in this discussion • 10 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CNB (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
56.0¢ |
Change
0.065(13.1%) |
Mkt cap ! $96.28M | |||
| Open | High | Low | Value | Volume |
| 50.0¢ | 58.0¢ | 50.0¢ | $363.5K | 677.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 30245 | 50.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 56.0¢ | 25395 | 4 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CNB (ASX) Chart |