is copper at a high? I’d argue it isn’t. Look into the future at what electrification of the world requires: Copper, and lots of it. Supply will not keep up with demand and copper deposits in large scale are very very hard to find and frankly not being found.
The only real reason to be buying BHP or RIO is the future in copper. Iron ore earnings which are the majority, will fall in the coming years. It’s expecting that copper will be the growth engines. My view is copper will be well over $5 in the medium term, currently sitting around $3.70.
Ann: OZL: OZ Minerals Rejects Indicative Proposal from BHP, page-77
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Last
$43.09 |
Change
-0.110(0.25%) |
Mkt cap ! $218.5B | |||
| Open | High | Low | Value | Volume |
| $43.20 | $43.40 | $43.06 | $242.8M | 5.618M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 5138 | $43.09 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.10 | 22200 | 1 |
View Market Depth
| Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
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Last
$43.19 |
Change
-0.110 ( 0.02 %) |
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| Open | High | Low | Volume | ||
| $43.24 | $43.39 | $43.06 | 585585 | ||
| Last updated 15.59pm 14/06/2024 ? | |||||
| BHP (ASX) Chart |