I would say 70% they have timed Nifty perfectly with macro condition, China Trade Agreement to be made, Copper Supply Demand (EV, Wiring etc), Chile, Low Aussie Dollar, Low Interest Rates. Only they are highly leveraged now, have underestimated the task and don't have any wiggle room. Guess we will see how the cookie crumbles...
Ann: Nifty Copper Operations Update, page-104
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