My take on that article is that the analysts are proving in a roundabout way that it is anybody's guess where the copper price is going. Personally I think that it will eventually reach about US$14,000 per ton due to supply vs demand from the renewables etc - but above US$14k per ton will make renewable projects too expensive. BHP are talking about buying existing copper projects rather than developing new ones - which is probably smart as it gets them producing assets quicker and doesn't increase supply so price will stay higher.
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Mkt cap ! $132.0M |
Open | High | Low | Value | Volume |
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7 | 686190 | 0.062 |
6 | 602014 | 0.061 |
16 | 813816 | 0.060 |
3 | 616966 | 0.059 |
Price($) | Vol. | No. |
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0.065 | 150000 | 1 |
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