The link below is how Barclays reads the tea leaves in Cu, Fe, Met coal etc.
http://www.bnn.ca/video/copper-will-struggle-to-hit-november-highs-again-barclays~1021161
Spoiler Alert! the link title is partly wrong.
Seems management is both nimble and prudent with this hedge.
OV
PS Fe as a store of wealth?! I remember that a few years ago (2013?) concerning Cu being used as a monetary security, it just went up for no reason of use, but as a place to put money.
Ann: Short Term Copper Hedging & Strong Australian Tin Prices, page-5
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
61.5¢ |
Change
0.005(0.82%) |
Mkt cap ! $542.9M | |||
| Open | High | Low | Value | Volume |
| 61.0¢ | 62.0¢ | 60.3¢ | $243.2K | 397.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 49159 | 61.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 61.5¢ | 24373 | 7 |
View Market Depth
| Last trade - 11.33am 29/07/2025 (20 minute delay) ? |
| MLX (ASX) Chart |