It is what it is but I think there will be a Cu price kick in between. A bigger one the following year.
In fact, it may be that we're just past the current Cu price low point. If so it's higher than the previous low and I like the trend because it seems sensible to real underlying Cu supply and demand situation. (The difference being speculation largely carried out by hedge funds but it correctly influences the price signals for production.)
The grey line is the forecast from forward prices probably on the LME.
All IMVHO.
Ann: Recent Drilling Intersects High-Grade Copper, page-126
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